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Disney's Hollywood Studios opened as Disney MGM Studios on May 1, 1989.
Disney-MGM studios (now known as Disney's Hollywood Studios) opened on May 1, 1989.
Disney's Hollywood Studios
Disney's Hollywood Studios was originally called MGM Studios, but is now called Hollywood Studios, it is nothing to do with Universal :)
The tallest ride is Disney MGM Studios is The Tower of Terror.
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A place where they create movies.
MGM is now called Hollywood Studios b/c Disney's contract with MGM expired. To answer your question, Hollywood Studios (MGM) and Magic Kingdom are two separate parks at DisneyWorld.
MGM stands for Metro-Goldwyn-Mayer, a film and TV production and distribution company. Disney originally contracted with MGM to use the name for the Disney-MGM Studios theme park in Florida. As of January 2008, MGM is no longer associated with the park except for specific licenses for MGM material on the Great Movie Ride. The theme park's name has been changed to Disney Hollywood Studios.
The most frightening ride at Disney-MGM Studios Park, Now called Disney's Hollywood Studios Park, is the Twilight Zone Tower of Terror, which is 15 stories high.
There is a tower of terror in MGM Studios in Florida and one in Disneyland Paris!
Disney MGM Studios (now Disney Hollywood Studios has several different 'streetmosphere' acts throughout the day and the names could be any act.