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MGM Studios, which was formed the result of a merger between Metro Pictures (owned by the Loews Company) and the Goldwyn Company, was the premier Hollywood movie studio from the mid 1920's to the end of the 1950's, when a court ruling dissolved the close association between movie studios and movie theaters leading to the end of the studio system that controlled what happened in Hollywood, and when television became a rival form of accessible entertainment. Led by Louis B. Mayer and Irving Thalberg but not with obstacles, MGM was the best of the studios at perpetuating the dream that anything was possible, both in front of the cameras and in the lives of Hollywood royalty, namely the movie stars. Within a generation, movies became the largest money making form of entertainment. The public went to see movies in droves even during the depression, wanted to learn about and be close to the personal lives of the Hollywood rich and famous, and aspired to be part of that Hollywood royalty.