System.NullReferenceException: Object reference not set to an instance of an object. at DotNetNuke.Framework.DefaultPage.OnLoad(EventArgs e) in e:\websites\tvtechnology.com\public_html\Default.aspx.cs:line 791 MGM goes to Sony-led group for $3 billion | TvTechnology

MGM goes to Sony-led group for $3 billion

September 20, 2004

A consortium led by Sony has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer for nearly $3 billion.

The agreement is a coup for Sony, which until the final hours of bidding was considered the underdog to Time Warner, which dropped its offer at the last minute.

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Acquiring MGM’s vast library of more than 4100 films boosts the content Sony can now offer on DVD and on portable devices. The company has also reached a distribution deal with Comcast, which would allow video on demand and new cable channels featuring Sony and MGM content.

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