Seagram is close to deal to sell to MGM Polygram film library for $400 million

Article Abstract:

Observers state that Seagram Co., is planning to sell Polygram Filmed Entertainment's film library to Metro-Goldwyn-Mayer Inc. (MGM) for approximately $400 million. These observers, who are executives close to the negotiations, state that a deal may not be struck despite the talks. Should an agreement be reached, however, MGM could raise its planned rights offering to about $750 million. Attaining the 1,500 film library could put MGM at odds with Warner Bros., which has home video distribution rights to many MGM titles under a 1990 agreement. If MGM buys the Polygram library, Warner could assert its rights to distribute videos of the Polygram titles as well.

Comment:

Seagram Co. may sell Polygram Filmed Entertainment's film library to MGM for about $400 mil

Canada, Foreign operations, Motion Picture Distribution, Motion Picture and Video Distribution, Movie distribution, Seagram Company Ltd., Metro-Goldwyn-Mayer Inc.

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Universal Studios in talks to acquire full ownership of TV-production outfit

Article Abstract:

Universal Studios is engaged in negotiations to purchase the half of Brillstein-Grey Communications that it does not already own. Brillstein-Grey is a thriving television production firm. Universal is engaged in the talks less than a year after it essentially left the TV business in the US. The company sold the majority of its television assets to USA Networks Inc. The terms of the proposed deal were not made public.

Comment:

Universal Studios engaged in negotiations to purchase the half of Brillstein-Grey Communications that it does not already own

Motion Picture and Video Production, Television Production, Universal Studios Inc., Brillstein-Grey Communications

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Murdick sells TV Guide to an affiliate of TCI

Article Abstract:

Ruport Murdock's News Corp. has agreed to sell TV Guide to United Video Satellite Group Inc., a company controlled by cable giant Tele-Communications Inc. for $2 billion in cash and stock. Murdock will wind up with 40% of the bulked-up United Video while TCI affiliates will control 44%. News Corp. will receive $800 million in cash and $1.2 billion in United Video stock.

Comment:

Has agreed to sell TV Guide to United Video Satellite Group Inc

Australia, Newspapers, Newspaper Publishers, Satellite Telecommunications, Periodicals, Periodical Publishers, Satellite TV Communications, Parent-to-subsidiary activities, Newspaper publishing, Periodical publishing, Satellite television, The News Corporation Ltd., United Video Satellite Group Inc., TV Guide Magazine, 4843

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