April 12, 2007 |
Apple Inc. has started selling movies from Metro-Goldwyn-Mayer Studios Inc.'s film library on its iTunes website, advancing an effort to obtain material that can be downloaded and played on Apple's iPod and a new set-top box. MGM is selling rights to about 100 movies to Apple, said Derek Mains, a spokesman for Cupertino, Calif.-based Apple. Films from MGM boost the iTunes catalog to more than 500 films. MGM won't be offering new releases, Mains said. The titles will sell for $9.99 each.
October 7, 2006 |
Metro-Goldwyn-Mayer Studios Inc. agreed to handle U.S. sales of New Line Cinema's films and television shows to broadcast and cable networks. The two-year deal also covers sales of programming for pay-per-view and video-on-demand distribution, Century City-based MGM and New York-based New Line said in a joint statement. New Line is a unit of Time Warner Inc. The agreement expands MGM's television distribution business.
May 31, 2006 |
The tensions between Metro-Goldwyn-Mayer Inc. and its studio investor resulted in a board vote Tuesday that will end the fabled company's reliance on Sony Pictures Entertainment as a distributor of its DVDs and television shows. News Corp.'s 20th Century Fox Film Corp. will now release MGM's DVDs worldwide. Previously, Fox had split the distribution of MGM's home entertainment properties with Sony, which had handled the domestic sales.
February 3, 2006 |
Hollywood's lion isn't roaring yet, but it may be purring soon. Entertainment business veteran Harry Sloan, who took over Metro-Goldwyn-Mayer Inc. last fall, is working on plans to rebuild the scaled-back company by returning it to its roots as a domestic theatrical distributor. Sloan is in serious negotiations with several top production entities -- and is about to close a deal with Miramax co-founder Harvey Weinstein's new company -- to supply MGM with an annual slate of movies.
January 31, 2006 |
Former DreamWorks SKG President Rick Sands landed a new job as chief operating officer of Metro-Goldwyn-Mayer Inc. Sands will work to market MGM's extensive library of some 4,000 films and 10,400 television episodes on video and television, and will supervise finance, operations and business affairs. He also will help identify programming opportunities for MGM and partners Sony Corp. and Comcast Corp.
January 27, 2006 |
Metro-Goldwyn-Mayer Inc., the movie studio acquired last year by a group that included Sony Corp. and Texas Pacific Group, said President Daniel Taylor would step down Tuesday after about nine months on the job. Taylor had two stints totaling 15 years with the company and was named president upon its acquisition in April. In October, the company named board member Harry Sloan as chairman and chief executive and said he would invest an undisclosed sum in MGM.