In 1973, Metro-Goldwyn-Mayer Pictures closed down its distribution offices and became a partner in CIC, which took over international distribution for MGM's films; however, United Artists took over the US, Canadian and Caribbean distribution for MGM's films that time. CIC also entered the home video market by forming CIC Video, which distributed Paramount and Universal titles on video worldwide. MGM however, had its own video unit, which later became a joint venture with CBS as MGM/CBS Home Video (later known as MGM/UA Home Video, which was later renamed to MGM Home Entertainment).