Goldsmith-Thomas was a partner at Revolution Studios for seven years and her credits include the recent release Perfect Stranger, Mona Lisa Smile, and Maid In Manhattan.
Headquartered in New York, Goldsmith-Thomas and current vice president of development Marisa Yeres will be joined by newly appointed vice presidents of development Ian Mohr and Jared Mass.
Mohr, a former trade journalist, will be based in New York and work alongside Yeres, who has spent the past seven years at Goldsmith-Thomas. Mass, a former creative executive at Walden Media, will be based at Goldsmith-Thomas Productions' office at MGM's Los Angeles headquarters.
'Elaine is one of those unique forces in the film business that has seen success as a producer, executive and talent representative, and we look to her to bring all of her vast knowledge and experience, as well as her relationships with Hollywood's top talent, to projects for MGM,' MGM's chief operating officer Rick Sands said.
'Being in partnership with MGM opens the door to a multitude of opportunities and I am honoured to be working alongside the company's senior management theatrical team,' Goldsmith-Thomas added. 'I'm also excited that, in addition to feature film projects, MGM has opened the door for the potential development of original material across multiple platforms as well.'
Goldsmith-Thomas is currently producing with Julia Roberts the HBO Films and Picturehouse project Kit Kittredge, An American Girl Mystery, which stars Abigail Breslin, Stanley Tucci and Joan Cusack. Prior to Revolution Studios, Goldsmith-Thomas served as senior vice president at ICM since 1991.
Since 2001 Mohr worked as a reporter at Variety and prior to that served as a freelance copywriter for Warner Brothers Pictures International and Sony.
At Walden Media, Mass oversaw several projects including the upcoming release Mr Magorium's Wonder Emporium starring Dustin Hoffman and Natalie Portman. Prior to Walden, he worked for producer Lawrence Bender and writer-producer Kevin Williamson.
The deal between Goldsmith-Thomas and MGM was negotiated by Jonathan Bader, MGM's executive vice president of business affairs, and Barry Hirsch on behalf of Goldsmith-Thomas.