III is a 1994 American compilation film released by Metro-Goldwyn-Mayer to celebrate the studio's 70th anniversary.

Unlike the previous two films, the third installment "focuses on outtakes, unfinished numbers and behind-the-scenes glimpses of the old musicals.

But over the course of a two-hour film, the effect is jarring, like stop-and-go driving in heavy traffic.

"[1] Critic Roger Ebert gave the film three and a half stars.

The box set collection of the films included a bonus DVD that included additional musical numbers that had been cut from MGM films as well as the first release of the complete performance of "Mr. Monotony" by Judy Garland (the version used in That's Entertainment!