East meets west as Sony buys MGM to double movie library

IT’S a deal that will cost $2.9 billion (E2.36bn) and make Sony the main player in the home- viewing box office stakes.

Wed, 15 Sep, 2004 - 01:00
Desmond Hutton

The entertainment giant has bought Metro- Goldwyn-Mayer (MGM) in a move that will double its film library.

Sony chairman Nobuyuki Idei’s plans to cash in on a growing market where films are downloaded to home computers.

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CourtsPlace: LAPerson: ChairmanPerson: Nobuyuki IdeiPerson: IdeiOrganisation: SonyOrganisation: MGMOrganisation: Time WarnerOrganisation: Comcast Corp
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