In 1942, Selznick liquidated his company for tax reasons, and sold his share in "Gone with the Wind" to his business partner, John Whitney, for $500,000. In turn, Whitney sold it on to MGM for $2.8 million, so that the studio owned the film outright. MGM immediately re-released the film in the spring of 1942, and again in 1947 and 1954. The 1954 reissue was the first time the film was shown in widescreen, compromising the original Academy ratio and cropping the top and bottom to an aspect ratio of 1.75:1. In doing so, a number of shots were optically re-framed and cut into the three-strip camera negatives, forever altering five shots in the film.