Seagram Co. nears deal to sell PolyGram film library to MGM
Article Abstract:
Polygram Filmed Entertainment's film library is expected to be sold by its parent organization, Seagram Co., a manufacturer of alcoholic beverages, to Metro-Goldwyn-Mayer Inc., an entertainment company, for about $400 million. The purchase deal, if consummated, will enable Metro-Goldwyn-Mayer to gain access to the film library, and in the process, enhance its financial performance. The entertainment firm has expressed plans to make use of the proceeds of a proposed stock sale to finance the acquisition. Seagram Co. gained control over PolyGram Filmed Entertainment by virtue of its purchase of the latter's parent firm, PolyGram NV, for $10.4 billion.
Comment:
Is set to sell the film library of its unit, PolyGram Filmed Entertainment, to Metro-Goldwyn-Mayer for about $400 mil
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Digital videodisks move into mainstream
Article Abstract:
Digital videodisk (DVD) is moving into the main stream as video dealers and retailers see the technology grow more rapidly than anticipated in the US. The new technology is touted as superior to videocassettes and videocassette recorders, with a sharper picture. A year after the DVD's launching in the US and facing political and technological hurdles, signs emerge that it is making inroads with mainstream consumers. The move into mainstream is also attributed to virtually all major studios agreeing to issue movies on DVD.
Comment:
Digital videodisk moves into main stream as video dealers and retailers see technology grow more rapidly than expected in US
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Hollywood turns the other cheek
Article Abstract:
Analysts say that most supporters of Al Gore in the entertainment industry won't defect even after his choice of Joe Lieberman as his vice presidential running mate.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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