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Sony to buy out MGM?


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41 replies to this topic

#1 of 42 OFFLINE   Dennis Nicholls

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Posted April 21 2004 - 10:05 AM

Here's a news flash:

http://biz.yahoo.com...edia_mgm_6.html

According to the article, Sony along with two partners is trying to buy out MGM for reasons inter alia to get their hands on the Bond films.

MGM has been releasing more and better DVDs lately, while Sony/Columbia-Tristar has been going in the opposite direction. I wonder what the fallout will be if this goes through.
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#2 of 42 OFFLINE   Magnus T

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Posted April 21 2004 - 10:10 AM

Agreed about the DVD releases. However! Maybe this means some great classics will get the restoration they deserve before the negatives becomes unusable.
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#3 of 42 OFFLINE   MichaelSloan

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Posted April 21 2004 - 02:40 PM

I hope sony doesn't buy MGM. Warner makes so much better dvd of MGM movies then sony has made dvds of their own movies.
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#4 of 42 ONLINE   MatthewA

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Posted April 23 2004 - 07:43 AM

from today's IMDb news brief:

Add Time Warner To List of Potential Suitors for MGM
A day after reports appeared indicating that Sony was in talks with MGM about buying the legendary film studio, the New York Post reported today (Friday) that Time Warner has had similar talks with MGM and could team with buyout firm Thomas H. Lee Partners in making its own bid. The Post, citing unnamed sources, observed that it was not clear how serious Time Warner's interest is in pursuing MGM.
--
Please let it be TW and not Sony.

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#5 of 42 OFFLINE   Ray H

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Posted April 23 2004 - 08:51 AM

I'd much rather have Warner than Sony. Warner already releases many MGM titles and treat them with the proper respect. Sony's DVD strategy seems to be to release 5 versions of each film.
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#6 of 42 OFFLINE   Stephen Brooks

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Posted April 23 2004 - 10:08 AM

If Warner bought MGM's library, they'd own the original Terminator, as well as T3. One step closer to an eventual boxset of the series.......
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#7 of 42 OFFLINE   streeter

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Posted April 23 2004 - 10:26 AM

Good news about Warner.

That would also bode well for MGM restorations.
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#8 of 42 OFFLINE   Jeff_HR

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Posted April 23 2004 - 11:13 AM

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#9 of 42 OFFLINE   AlanBrom

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Posted April 23 2004 - 11:16 AM

This could be the end to the Midnite Movies series! :-(

#10 of 42 OFFLINE   Patrick McCart

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Posted April 23 2004 - 11:23 AM

I'd rather see someone like DreamWorks buy MGM.

While Warner would probably do a great job with the library... they already have a huge library to take care of.

#11 of 42 OFFLINE   Joe_Pinney

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Posted April 23 2004 - 12:23 PM

The interesting irony is that should Sony actually buy out MGM, it would mean MGM could, theoretically, "come home again", since Sony Pictures is located on the classic old MGM lot in Culver City, CA.

If it did happen, hopefully the MGM DVD department's people would end up running the show for Columbia/Tri-Star as well, and we might all benefit from that.

But, of course, we'll see how this comes to pass.

#12 of 42 OFFLINE   JeremySt

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Posted April 23 2004 - 01:35 PM

While Warner would probably do a great job with the library... they already have a huge library to take care of.


And they're doing a damn good job, so why not do the same with the entire MGM library?

#13 of 42 OFFLINE   John Kilduff

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Posted April 23 2004 - 02:14 PM

If anybody from Time Warner is reading these forums, or this page in particular...

Please buy MGM. You've done a great job with the Turner-owned MGM titles...Just think what you could do now.

Imagine the possibilities:

-A "Terminator" box set
-A DVD release of "Bugs Bunny Superstar"
-Special Editions of "Moonstruck" and "Spaceballs"
-The reunion of MGM and Warner's Castle Rock titles
-The Midnite Movies line could continue unabated if that news about the uncut "Eyes Wide Shut" pans out.

Sony's been a botch in Hollywood ever since the days of Guber-Peters at Columbia and TriStar. Time Warner, you rock already, but if you could buy MGM, you would be the top.

Sincerely,

John Kilduff...

Don't let Sony get MGM!
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#14 of 42 OFFLINE   Ray H

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Posted April 23 2004 - 03:00 PM

What does Blade Runner have to do with MGM?
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#15 of 42 OFFLINE   John Kilduff

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Posted April 23 2004 - 03:04 PM

Nelson Entertainment, who distributed a version of "Blade Runner" on VHS and laserdisc...

Most of their properties are owned by MGM. I assume that "Blade Runner", in one of its' many incarnations, is partially owned by MGM. I could be wrong, though...Maybe it's a StudioCanal thing.

Sincerely,

John Kilduff...

My point remains: Warner is the better company to buy MGM.
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#16 of 42 ONLINE   Stephen_J_H

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Posted April 24 2004 - 04:12 AM

I think it is a Studio Canal thing, though I still say that Warner would be the better choice to buy out MGM. The reunification of the MGM library would be the best thing to happen in video since the reunification of the Warner library.
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#17 of 42 OFFLINE   Josh Simpson

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Posted April 24 2004 - 04:17 AM

Please, no Sony! These multiple releases of a film is ridiculous.

#18 of 42 OFFLINE   Rolando

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Posted April 24 2004 - 06:10 AM

WOW, just made me realize how much Sony has fallen from grace.

I mean they have have cool stuff, Good movies, great DVDs but lately they don't seem to be anywhere near the favorite.

They were among the first DVD supporters. renowned from some good quality stuff. I CANNOT think of a single DVD of theirs that was widescreen and NOT anamorphic. It was all great.

Then they got money hungry. I mean it's a business. were it not for the prospect of profit no studio would release anything at all. I know that. this is a GOOD thing.

But I think the general consensus is Sony (Colombia/Tri-Star) has gone a little too far. I personally don't mind re-releases with improvements. 2 more Terminator 2 and 4 more Halloween DVDs can be released and I would love it. I buy what I like and not buy if the upgrade is not justified. Simple. people seem to forget no one is forcing them at gun point to buy the re-release. If you have a psychological issue that does not allow you to sleep knowing there is a re-issue you do not own then that is another problem all-together.

However company image counts for a lot and Sony's seems to be taking a bad kick right now. Most people feel they PURPOSELY plan multiple releases sometimes even "crippling" initial edition to "improve" picture in future editions. they seem to withhold extras to put it on a future release to make sure there are as many re-purchases as possible.

now whether this is true or not is irrelevent because the result is the same. people have lost trust and are actually beginning to feel resentment and even contempt towards the studio.

SONY, do something about it.

personally am more upset at the P&S only releases I deem UNACCEPTABLE this far in the game.

Just sharing my 2 cents (more like a long winded dollar and change but...)
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#19 of 42 OFFLINE   Rex Bachmann

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Posted April 24 2004 - 08:22 AM

John Kilduff wrote (post #15):


Quote:
Most of their properties are owned by MGM. I assume that "Blade Runner", in one of its' many incarnations, is partially owned by MGM. I could be wrong, though... Maybe it's a StudioCanal thing.

MGM has never had anything to do with Blade Runner ownership (or distribution either, as far as I can tell).

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#20 of 42 OFFLINE   Patrick McCart

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Posted April 24 2004 - 08:42 AM

By the way...

I was thinking... I wouldn't be surprised one bit if Warner DID end up buying MGM for one reason:

The rights for "The Hobbit."