Final answer:
MGM was considered the Tiffany of studios.
Step-by-step explanation:
The statement is True, MGM was considered the Tiffany of studios. Metro-Goldwyn-Mayer (MGM) was a prominent film studio known for its high production values and quality films. By comparing MGM to Tiffany, a well-known luxury brand, it suggests that MGM was regarded as the epitome of elegance and excellence in the film industry.