and Raleigh Studios of Hollywood took over management of the facility. Raleigh Studios of Hollywood operated and marketed the studio, totaling at the Pontiac Centerpoint Business Campus, until August 2012. The first big picture filmed at the studio was Disney's Oz the Great and Powerful. Gov. Rick Snyder's 2011 rollback of state film credits caused some film producers to bypass the Michigan studio resulting in the studio investors to miss scheduled debt servicing payments and in August 2012 the studio defaulted on the entire $630,000 payment on the bond. In August 2012, Raleigh Studios ended their management agreement with the studios. The owners of the facility then changed the name to Michigan Motion Picture Studios. On June 22nd, 2018, it was announced that the building and the land comprising the studio would be sold to then-Commerce Township-based defense contractor Williams International Co. LLC. The sale of the property and two adjacent parcels spanning 120 acres was sold for $44 million. References External links American film studios Companies based in Oakland County, Michigan Pontiac, Michigan Entertainment companies established in 2009 2009 establishments in Michigan