Exhibit (a)(9)


                          P R E S S   R E L E A S E

For immediate release                              Contact:  Joseph Fitzgerald
---------------------                                        (310) 449-3660
September 24, 2003



                 MGM TO BEGIN EVALUATION OF ALTERNATIVES TO
                 ------------------------------------------
             SHARE SOME OF ITS WEALTH WITH PUBLIC SHAREHOLDERS
             -------------------------------------------------

     Los Angeles,  CA - Alex  Yemenidjian,  Chairman and Chief Executive of
Officer of Metro-Goldwyn-Mayer Inc. (NYSE: MGM) announced today that he and
other members of senior  management are beginning an evaluation of possible
alternatives  for the  company to share some of its wealth  with its public
shareholders.

     MGM has substantial cash and cash equivalents on its balance sheet and
currently is generating, and anticipates that it will continue to generate,
strong free cash flow. Mr. Yemenidjian said that the evaluation would focus
on the possibility of a company tender offer for shares and/or an expansion
of the company's  share  repurchase  program,  and that management does not
intend to recommend the  possibility of an  extraordinary  dividend at this
time.

     In making its recommendation, the company's management intends to take
into account,  among other things,  prevailing market conditions as well as
the results of the pending  tender offer by Tracinda  Corporation  and Kirk
Kerkorian  to purchase up to 15 million  shares of MGM common  stock at $16
per  share.  Accordingly,  the  company's  management  will  not  make  its
recommendation until after the completion of the pending Tracinda-Kerkorian
tender offer.

     Mr.  Yemenidjian  emphasized that no decisions had been made as to the
size or timing  of any  actions  or the price or price  ranges at which any
tender  offer or share  repurchases  might be made,  nor could there be any
assurance that management would make a recommendation  to the Board or that
the  Board  would   authorize  any  action  as  recommended  or  otherwise.
Management anticipates maintaining a meaningful public float after any such
actions.

     Mr.   Yemenidjian   explained   that  the  company   believed  it  was
appropriate,  due to the  pendency of the tender  offer by Tracinda and Mr.
Kerkorian,  to update  its  investors  and other  interested  parties  with
respect to management's  previously  disclosed intent to recommend that the
company share some of its wealth with its public shareholders.

     Metro-Goldwyn-Mayer  Inc. (NYSE: MGM), through its Metro-Goldwyn-Mayer
Studios Inc.  subsidiary,  is actively engaged in the worldwide  production
and  distribution of  entertainment  product,  including  motion  pictures,
television programming,  home video, interactive media, music, and licensed
merchandise. The Company owns the largest modern film library in the world,
consisting of approximately  4,000 titles.  Its operating units include MGM
Pictures, United Artists, MGM Television  Entertainment,  MGM Networks, MGM
Distribution  Co.,  MGM  Worldwide   Television   Distribution,   MGM  Home
Entertainment,  MGM  On  Stage,  MGM  Consumer  Products,  MGM  Music,  MGM
Interactive  and MGM Online.  In addition,  MGM has ownership  interests in
international  television  channels reaching about 100 countries.  For more
information, visit MGM Online at http://www.mgm.com.