Turner Classic Movies (TCM) is an American movie-oriented pay-TV network owned by Warner Bros. Discovery. Launched in 1994, Turner Classic Movies is headquartered at Turner's Techwood broadcasting campus in the Midtown business district of Atlanta, Georgia. The channel's programming consists mainly of classic theatrically released feature films from the Turner Entertainment film library – which comprises films from Warner Bros. (covering films released before 1950), Metro-Goldwyn-Mayer (covering films released before May 1986), and the North American distribution rights to films from RKO Pictures. However, Turner Classic Movies also licenses films from other studios and occasionally shows more recent films. The channel is available in the United States, Canada, the United Kingdom, Ireland, Malta (as Turner Classic Movies), Latin America, France, Greece, Cyprus, Spain, the Nordic countries, the Middle East, Africa (as TNT), and Asia-Pacific. History Origins In 1986, eight years before the launch of Turner Classic Movies, Ted Turner acquired the Metro-Goldwyn-Mayer film studio for $1.5 billion. Concerns over Turner Entertainment's corporate debt load resulted in Turner selling the studio that October back to Kirk Kerkorian, from whom Turner had purchased the studio less than a year before. As part of the deal, Turner Entertainment retained ownership of MGM's library of films released up to May 9, 1986. Turner Broadcasting System was split into two companies, Turner Broadcasting System and Metro-Goldwyn-Mayer, and reincorporated as MGM/UA Communications Co. The film library of Turner Entertainment Co. would serve as the base form of programming for Turner Classic Movies upon the network's launch. Before the creation of Turner Classic Movies, films from Turner's library of movies aired on the Turner Broadcasting System's advertiser-supported cable network TNT along with colorized versions of black-and-white classics such as The Maltese Falcon. Launch and contributions (1994–1996) Turner Classic Movies debuted on April 14, 1994, at 6 p.m. Eastern Time, with Ted Turner launching the channel at a ceremony in New York City's Times Square district. The date and time were chosen for their historical significance as "the exact centennial anniversary of the first public movie showing in New York City". The first movie broadcast on TCM was the 1939 film Gone with the Wind, the same film that served as the debut broadcast of its sister channel TNT six years earlier on October 3, 1988. At the time of its launch, Turner Classic Movies was available to approximately one million cable television subscribers. The network originally served