Later Years and Fall From Power
By 1948, due to the introduction of television and changing public tastes, MGM suffered a considerable dropoff in its success. The glory days of MGM as well as other studios were also over because of United States v. Paramount Pictures, Inc. (1948), a Supreme Court decision that severed the connection between film studios and the movie theater chains that showed their films (though it would be another six years before Loew's sold majority control of MGM).
Under orders to control costs and hire "a new Thalberg," Mayer hired writer and producer Dore Schary as production chief. Schary, who was 20 years Mayer's junior, preferred message pictures in contrast with Mayer's taste for "wholesome" films.
By 1951, MGM had gone three years without a major Academy Award, which provoked further conflict between Mayer and Schenck. Believing that Mayer could not turn the tide, Schenck fired Mayer from the post he had held for 27 years, replacing him with Schary. The firing reportedly came after Mayer called New York and issued an ultimatum--"It's him or me" (or "It's either me or Schary", depending on the source). Mayer tried to stage a boardroom coup but failed and largely retired from public life.
Read more about this topic: Louis B. Mayer
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