Mark Edward Heuck
Screenwriter
- Joined
- Jul 25, 2000
- Messages
- 1,187
Oh, it's such a clusterfrick, but I'll try explaining.
Sony does not own the MGM library. What happened is that since Sony was an investor in the consortium that bought the studio, and they had their own distribution and home video apparatus, they took it upon themselves to shut down all of MGM's operations, calling them "redundant," and asserted control over the releases, cherry-picking some of the then-unreleased new movies for themselves.
The other investors in MGM eventually grew tired of Sony's self-serving behavior, and switched DVD distribution to Fox. So Sony has no say over MGM titles anymore, though as an investor, they do get a cut of the profits from the sales. Fox now calls the shots over what MGM titles come out, and they are much better at exploiting catalog product.