Just forget the words and sing along

Friday, April 23, 2004

Wow. Movie big business news.

Worldwide conglomerate Sony is starting to look at buying movie studio MGM. Sony already owns two movie studios, Columbia and Tri-Star, so why do they want MGM? DVD. Sony wants access to MGM's massive movie library, which includes the James Bond films, the Pink Panther comedies, and MGM's trademark musicals from the 40s through the 60s. Sony's only sending out feelers right now, so this may never come to pass.

And, of course, this comes on the heels of the fact the General Electric just bought Universal. GE never wanted to own a movie studio because they feel thier management style doesn't work for film, so why did they buy Universal? Because GE also owns the NBC television network, and GE was the last conglomerate to own a TV network, but not a movie studio.

Strange times.

Next Issue...This Business Called Show

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