I guess this hypocrisy has a long tradition. MGM's long-standing lion intro sequence has "Ars gratia artis", art for the sake of art. Is art for the sake of art

I guess this hypocrisy has a long tradition. MGM's long-standing lion intro sequence has "Ars gratia artis", art for the sake of art. Is art for the sake of art what you think of when you think of MGM?