Action movies

Article Abstract:

Stockholders flocked to Seagram Co's annual meeting in June 1995 to hear its executives explain their sale of the firm's Du Pont Co holdings to finance the purchase of an 80% interest in MCA. CEO Edgar Bronfman expects MCA to account for 33% of Seagram's earnings, but Du Pont had accounted for 65%.

Conglomerate corporations, Securities

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A dream in the works: Bronfman and friends cut a deal for MCA

Article Abstract:

Bronfman, new owner of MCA Inc has contracted DreamWorks, the new production company run by his friends, for distribution and other lucrative rights to their productions. DreamWorks is owned by Stephen Spielberg, David Geffen and Jeffrey Katzenberg, all successful movie moguls.

Contracts, Motion picture industry, Movie industry, Dreamworks SKG, Geffen, David

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The Bronfman gamble: Seagram's $8-billion purchase of MCA shows that show biz is hot

Article Abstract:

Seagram Company Ltd acquired 80% of MCA Inc from Matsushita Electric Industrial Co in Apr 1995, for $8 billion. Seagram CEO Edgar Bronfman Jr financed much of the purchase price by selling the firm's stake in the highly profitable EI du Pont de Nemours & Co.

Alcoholic beverage industry, Electronics industry, Chemical industry, Matsushita Electric Industrial Company Ltd.

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