April 8, 1999 |
USA Networks Inc., the media company headed by Barry Diller, agreed to buy some of Seagram Co.'s U.S. film assets in a deal valued by sources at $150 million. Diller has also pursued the purchase of cable channels that could make use of a film library, although sources said USA's recent $800-million offer for Bravo was rejected by Bravo's parent, Cablevision Systems Corp.
February 3, 1997 |
Kirch Group, Germany's second-largest broadcaster, said it has acquired exclusive rights to broadcast films from PolyGram Filmed Entertainment to the German-speaking pay television market. The agreement for 10 years is the latest in a series of high-profile film and television rights acquisitions that gives the German company one of the best-stocked entertainment libraries in Europe.
February 5, 1999 |
Seagram Co. has ended discussions with a Saudi prince who had been considering buying some PolyGram film assets that Seagram had not already sold, sources close to the discussions said Thursday. The sources said that while Saudi Prince Muhammad Bin Bandur Abdul Aziz, a newcomer to Hollywood, appeared as of last week to be in advanced talks to acquire the properties, several issues prevented the deal from occurring.
October 21, 1998 |
Metro-Goldwyn-Mayer Inc. and Seagram Co. have revived talks over the sale of PolyGram Filmed Entertainment's movie library. Two weekends ago, MGM owner Kirk Kerkorian walked away from the bargaining table when negotiations for the 1,500-title library collapsed because the parties couldn't agree on a price and structure for the deal.
May 3, 1997 |
PolyGram Filmed Entertainment, hoping to compete with Hollywood's major studios and better position itself in the global marketplace, on Friday launched a new U.S. movie distribution company and announced the executive team who will run it. The company plans to release five major motion pictures in its first year of operation, working up to 10 to 12 annually by 2000.
December 4, 1997 |
PolyGram on Wednesday agreed to buy a library of 1,051 film titles for $225 million, including such modern classics as "Platoon," "When Harry Met Sally" and "The Graduate." The collection was owned by French bank Credit Lyonnais. It amassed the titles through bailouts, bankruptcies, foreclosures and consensual transfers of several film companies over the last few years.