The company later became part of Columbia Pictures Entertainment on December 21, 1987, and was sold to Sony Corporation along with CPE's other companies on November 8, 1989. TAV, however, was not included in the deal. On May 5, 1986, Griffin sold the company to The Coca-Cola Company (then-owner of Columbia Pictures Industries) for $250 million during his semi-retirement. In 1984, Griffin expanded his company as Merv Griffin Enterprises and during the same year, Jeopardy! also returned to television on September 10. KW also distributed the first two pilots of Jeopardy! in 1983 and January 9, 1984. The company also had the rights to syndicate The Merv Griffin Show.

In 1982, the company joined forces with King World (now CBS Media Ventures) to syndicate a nightly version of Wheel of Fortune. Merv Griffin Productions also owned the post-production studio Trans-American Video (TAV) that was founded on June 29, 1981. Griffin revived Jeopardy! as The All-New Jeopardy! on October 2, 1978, though it was proven to be unsuccessful. Griffin also created the game show Shopper's Bazaar, which changed its name to Wheel of Fortune on January 6, 1975, after Jeopardy! was canceled on January 3, 1975. In May 1965, his talk show The Merv Griffin Show returned to television.

Griffin's second game show was Jeopardy! as Griffin's first production under the MGP name on March 30, 1964. Griffin's first production under the Milbarn name was Word for Word. The company was first established as Milbarn Productions on March 7, 1963, and later as Merv Griffin Productions on March 5, 1964. It is also currently a name-only unit of Merv Griffin Entertainment, from 1996 onwards. From 1994 to 2002, it was a name-only unit of Columbia TriStar Television, and then it currently is a name-only unit of Sony Pictures Television from 2002 onwards. Merv Griffin Enterprises was an American television production company founded by Merv Griffin, in operation from March 7, 1963, to June 4, 1994.

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