Sony Pictures Entertainment Inc. (SPE) is the American television and film production and distribution unit of Japanese multinational technology and media conglomerate Sony. It is based in Culver City, California and serves as Sony's main global film production and distribution company. Its group sales in the fiscal year 2011 ended March 31, 2012 has been reported to be of $8.021 billion.Throughout the years, SPE has produced, distributed, or co-distributed successful franchises such as Men in Black, Underworld, and Resident Evil. Sony Pictures Entertainment is a member of the Motion Picture Association of America (MPAA). Sony has since created numerous other film production and distribution units, such as: Sony Pictures Classics for art-house fare, by forming Columbia TriStar Pictures (also known as the Columbia TriStar Motion Picture Group) by merging Columbia Pictures and TriStar Pictures in 1998, revitalizing Columbia's former television division Screen Gems. It expanded its operations on April 8, 2005, when a Sony-led consortium acquired the legendary Hollywood studio Metro-Goldwyn-Mayer, in a US$4.8 billion leveraged buyout, through the holding company MGM Holdings Inc. On June 4, 2008, SPE's wholly owned group 2JS Productions B.V. acquired Dutch production company 2waytraffic N.V., famous for Who Wants to Be a Millionaire? and You Are What You Eat for ($223.2 million in US dollars).On November 18, 2012, Sony Pictures announced it has passed $4 billion with the success of releases: Skyfall, The Amazing Spider-Man, 21 Jump Street, Men in Black 3, Hotel Transylvania, Underworld: Awakening, The Vow, and Resident Evil: Retribution.