They will not get rid of the Great Movie Ride because of this. The agreement with MGM had nothing to do with the Great Movie Ride. All of the MGM movies used in the ride like The Wizard of Oz, Singin' in the Rain and Tarzan are owned by Ted Turner and distributed through Turner owned Warner Brothers. The sale happened in the early 80's long before the park opened. MGM only retains the rights to some United Artists films used the in the ride's film finale. Those were not part of the original agreement either.
If Disney wants to get rid of the ride, it will be of their choosing. No one can force them to close it. I doubt that will happen though. It is the centerpiece of the park and is the most Hollywood centric attraction in the park.
The park will always be MGM to me, but I do like the new name. Thank goodness they didn't go with that dreadful Disney-Pixar Studios name!
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