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La compra de MGM
#1
Si esto se logra, supongo que el mercado de DVD R4 se vera en serios problemas (*cof* Edición Especial Fuckscreen *cof*)


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NEW YORK (Reuters) - Japan's Sony Corp (news - web sites). (6758.T) and two U.S. buyout firms are in advanced talks to buy U.S. film studio Metro-Goldwyn-Mayer Inc. (NYSE:MGM - news) for about $5 billion, putting the owner of James Bond movies back in play on Wall Street, sources said on Wednesday.

Sony initiated the talks because it wanted access to MGM's 4,000-plus film library that includes the James Bond and Pink Panther films and numerous Oscar winners, people familiar with the deal said. Libraries provide steady revenues from sales of DVDs, videos and TV licensing.


Some analysts saw the news as an opening round in a new bidding war for MGM and most noted that talk of an MGM sale has surfaced often. The studio is 74 percent-owned by 86-year-old billionaire Kirk Kerkorian and his Tracinda Corp investment firm. He bought MGM for $1.3 billion in 1996 for a third time.


"They had talked to Sony (in the past). We knew that," said Hal Vogel, a New York-based fund manager. "They had talked to many people. This is one that seems to be serious."


The buyout firms joining Sony are Texas Pacific Group and Providence Equity Partners, sources said. The three are expected to split a cash investment of $1.5 billion and borrow the balance. MGM has hired investment bank Goldman Sachs (NYSE:GS - news) to represent it, said sources who knew of the deal.


A deal would enable MGM shareholders to cash out for roughly $21 a share, more than double the share price a year ago. MGM shares jumped 12 percent at $19.75 on the New York Stock Exchange (news - web sites) on the news on Wednesday while Sony's stock added 2.4 percent in Tokyo on Thursday.


Key to an agreement would be whether MGM would pursue a one-time cash dividend of $8 a share. MGM said late Wednesday it would put the plan to a board vote when it completed a refinancing package expected next week.


MGM, Sony, Texas Pacific and Goldman Sachs all declined to comment. Providence Equity could not be reached. Other firms involved in talks have included Apax Partners, sources said.


"I wouldn't take (talk of a deal) as gospel," said David Miller, an analyst with Sanders Morris Harris. "This is kind of an opening round in a long, protracted negotiation." He put MGM's share value at close to $22.


THE SONY FIT


Emerging markets specialist Mark Mobius of Templeton Asset Management Ltd, which holds stock in Sony, said a deal made sense as Sony's electronics business faced greater competition and owning the library could be lucrative.


"I would have to ask the management how they will integrate this kind of software business -- you know the movie business, MGM and so forth -- into the other parts of their business -- where these all fit," Mobius said.


Along with games and music, Sony's movie division is one the pillars of Chief Executive Nobuyuki Idei's vision of a interconnected world linking content with Sony's electronics.


"MGM has a wonderful library... The problem has always been price," said Mario Gabelli, chief investment officer of Gabelli Asset Management, which holds MGM stock.


So far, competitors, such as Apple Computer Inc (Nasdaq:AAPL - news) and its iPod digital music player, have been far more successful at turning a combination of content and hardware into profits.


Sony's acquisition of Columbia Pictures in 1989 for $3.4 billion, the largest ever acquisition by a Japanese firm at the time, caused numerous headaches for Sony due to losses from elaborate spending budgets and box office duds.


"This whole act could end up as another big catastrophe for Sony," said Standard & Poor's equity analyst John Yang.





Sony's movie division, which accounted for 11 percent of group revenues in the business year ended March 31, 2003, is counting on a strong box office returns from "Spider-Man 2," due out this summer, to lift slumping profits at the unit.

GETTING HIS MONEY BACK

Kerkorian and Tracinda bought MGM in 1996 from an affiliate of French bank Credit Lyonnais after the studio had suffered years of Losses. Chief Executive Alex Yemenidjian engineered a turnaround and added to the library by acquiring other companies.

Last summer MGM lost a battle to buy Vivendi Universal Entertainment after offering around $11.5 billion for assets that included Universal Studios.

General Electric Co.'s (NYSE:GE - news) NBC television network bought the assets from Vivendi Universal (EAUG.PA)(NYSE:V - news).

MGM was reported to have hired Goldman Sachs to auction the company for $7 billion in January 2002, which would have represented a price of around $30 a share at the time. MGM's stock price has gyrated in recent years as it had box-office hits like "Legally Blonde" as well as flops such as "Windtalkers."

Kerkorian is said to want to recoup at least part of his investment, and that desire has led to the one-time dividend. Talk of a deal surfaced the same day the $2.4 billion loan MGM will use to finance its dividend was allocated, according to Loan Pricing Corp, a unit of Reuters Group Plc. MGM would be essentially debt free if it did not borrow to fund the payout.

"It doesn't make any sense to declare the distribution and then sell," Miller said, adding that either way "Kirk is going to make his money back." (Additional reporting by Jeffrey Goldfarb, Julie MacIntosh and Bob Tourtellotte and Daisuke Wakabayashi)
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#2
Asi es, ademas de que seguramente a las nuevas ediciones de MGM region 1 les van a quitar los subtitulos en español y a lo mejor hasta veamos ediciones superbit de la peliculas de James Bond, que hueva¡¡¡¡¡¡¡
Saludos¡¡
:flasingsmile: Jorge a.k.a Romino :victoria:
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Mi humilde Colección
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#3
y a lo peor nos topamos con que las R1 estan protegidas con RCE :evil:

Trinches weyes de Sony y Columbia :evil: :evil:
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#4
Lamentablemente lo que comentan es cierto. Alguna ventaja abremos de obtener 8)
Felicitaciones a Baidu, unico miembro del foro que lee todos los temas
HD DigitalBits Disney Club
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#5
más sobre esto...

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Cita:Sony-Led Group May Agree to Buy MGM for $5 Bln, USA Today Says
June 18 (Bloomberg) -- A group led by Sony Corp. is in the final stages of agreeing to buy the Metro-Goldwyn-Mayer Inc. film studio for $5 billion, USA Today reported, citing unidentified people with direct knowledge of the talks.

Sony and its buyout-firm partners Texas Pacific Group and Providence Capital would pay $13 for each share of MGM plus assumption of debt, the newspaper said. The deal may be announced before MGM's annual meeting on June 29.

``The report is just speculation,'' said Keita Sanekata, a spokesman for Sony at the company's headquarters in Tokyo. ``Our position remains the same.''

Sony, which already owns Columbia Pictures, was in exclusive talks with MGM in May, people familiar with the discussions said last month. After the exclusivity agreement expired, General Electric Co.'s NBC Universal unit, Time Warner Inc. and Viacom Inc. were considering bids, the New York Post reported on June 8.

Sony, Texas Pacific and Providence Capital would provide $1.5 billion in equity financing, USA Today reported. Sony banker Credit Suisse First Boston would provide $3.5 billion of debt financing, and CSFB's DLJ Merchant Banking might also contribute some cash, the newspaper said.

Gavin Sullivan, a spokeswoman at CSFB in London, declined to comment on the newspaper's report. MGM declined to comment, the paper said.

An agreement would mark the third time billionaire Kirk Kerkorian, who controls 74 percent of MGM, has sold the studio. Kerkorian tried unsuccessfully to merge the studio with Sony Pictures in 2001.

Entonces podemos irnos haciendo a la idea de tener un montón de ediciones especiales.... en Foolscreen :cry:
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#6
Pues resulta que por dormirse en sus laureles, ya entraron otras 2 manos a menear el atole en la compra de MGM... Time Warner y NBC (que recien adquirió Universal)....

La oferta de TW es bastante tentadora... quienes creen que sea el que más nos convenga a nosotros, consumidores de dvd?.... de las 3 ojalá sea NBC, luego Time Warner y en el peor de los casos Sony

ya se que van a decir, que WB también saca muchas FS, pero es menor la cantidad de películas de WB en FS que las de Sony... además que los procesos de retauración de películas de WB no tienen mamá... considerando que lo que prácticamente se esta vendiendo el la librería de MGM, creo yo que es lo que más debería de importarnos.... además de que esta compra podrá definir quien será el rival a vencer en la guerra del nuevo formato... el HD-DVD (soportado por Time Warner) o el Blu Ray (de Sony)
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#7
pues en mi caso preferiría Warner ya que hace magníficos trabajos de restauración..... y con subs en todos los extras en caso Z4.... obviamente Sony quedaría en último aunque de NBC NI IDEA DE SU TRABAJO!!!!!!!!!!!
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#8
Lucho Cohaila Guzman escribió:pues obviamente Sony quedaría en último aunque de NBC NI IDEA DE SU TRABAJO!!!!!!!!!!!

Pues como NBC (que a su vez pertenece a General Electric Confusedhock: ) no se sabe su trabajo, pero como ahora Universal forma parte de sus filas, sabemos como trabajan ellos y en muchos casos es superior a WB y Columbia
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#9
y General Electric no pertenece a Sony?????
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#10
que yo sepa no....
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#11
todo pinta mal para Sony, y bien para Time Warner (personalmente respiro más tranquilo):

Cita:With Sony apparently unable to construct a final offer for MGM, it's looking increasingly likely that Time Warner will swoop in and grab the prize.


Bagging the Lion would give Time Warner a nice little bonus -- worldwide theatrical and television rights to J.R.R. Tolkien's "The Hobbit." What a sweet addition to New Line's "The Lord of the Rings" franchise. Hey Peter Jackson, what are your plans after "King Kong"?


The conglom's deal is cleaner -- one buyer offering Time Warner stock -- and more tax-efficient. It would be chairman-CEO Richard Parsons' first major acquisition after a string of asset sales to cut debt.


Sony Corp (NYSE:SNE - news) (news - web sites). chairman Nobuyuki Idei, speaking at an event in Korea Thursday, acknowledged "some complications" in the Japanese giant's merger talks with MGM. Reuters quoted Idei as saying, "It's up to the MGM management now."


The statements, which one insider ascribed to a "lost in translation" effect, caused a mild tizzy at both companies, which are still talking -- particularly since the holdup isn't on the MGM side at all, but still resides at Sony. The conglom and its two equity partners, Texas Pacific and Providence Equity, are struggling to get onto the same page. Since Sony isn't the one putting up the cash, it can't control the process.
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#12
Vamos por el Hobbit Time Warner!
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#13
Creo que por fin podemos dormir tanquilos Big Grin

Cita:According to an unconfirmed report on the defamer.com website, the sale of MGM to Time Warner is complete.

'Spies are telling us that Time Warner officially purchased MGM today,' says the Hollywood scoop site. '...(with) internal discussion of the incredibly complicated integration... to start tomorrow.'

Buzz of a Time Warner takeover of MGM was reported by The Wall Street Journal in early September, and reports have continued to surface of an imminent deal between the two mega-studios. MGM had previously released a statement calling reports that it could sell for as high as $5 billion 'inaccurate.'

Time Warner has had shown interest in MGM before, as have other major studios -- including Sony, which was reportedly seriously considering a bid for MGM this past spring and summer. However, sources say that Sony was unable to come to final terms with its partners in the proposed investment.

Time Warner is very familiar with the MGM catalog of over 4,000 titles, as it had distribution rights to many of the films resulting from a brokered by Ted Turner in the 1980s.

There has been no official word of the deal between Time Warner and MGM as of yet.

BC Meyer

Que ventajas veo de que MGM caiga en manos de TW en lugar de Sony?:

1.- No habrá espantosas "Ediciones especiales Fuckscreen", además de que los subs en español estarán garantizados
2.- ¿Que planes tiene Peter Jackson para después de King Kong?...¿no le agradaría aventarse el Hobbit? (ahora que MGM está posiblemente bajo el ala de TW, los derechos de distribución los podrá obtener New Line sin problemas) Big Grin
3.- Un set de colección con los cortos de la Pantera Rosa y el Inspector como Dios manda (y con la calidad de los Golden Collection de WB)

Excelente Big Grin
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#14
Sin duda, has resumido los posibles beneficios que podriamos obtener los aficionados tanto al cine como al DVD.

Punto negativo: adios al DTS en títulos que caigan en manos de Warner Home Video.
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#15
theoden escribió:Sin duda, has resumido los posibles beneficios que podriamos obtener los aficionados tanto al cine como al DVD.

Punto negativo: adios al DTS en títulos que caigan en manos de Warner Home Video.

Bueno, supongo que no siempre se gana

Sin embargo hay que tener en cuenta que, por ejemplo, New Line Home Video se maneja muy independiente de WB (ellos han puesto en distintas ediciones DTS), así que yo creo que con MGM pasará lo mismo... supongo
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#16
Nooo!!! Ahora Warner retiró su oferta y eso convierte oficialmente a Sony en dueña de MGM.

http://tinyurl.com/499vv
http://tinyurl.com/6cjql
Eliseo Soto.
You just fucked with the wrong mexican!
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#17
Confusedhocked!: Confusedhock: Confusedhocked!: Confusedhock: Confusedhocked!: Confusedhock: Confusedhocked!: Confusedhock: Confusedhocked!: Confusedhock:

Supongo que podemos irnos olvidando de "The Hobbit" :cry:

Cita:Sony nabs MGM for $5B, source says

Japanese firm reportedly reaches a deal to buy the legendary studio after Time Warner drops out.
September 14, 2004: 5:40 AM EDT



NEW YORK (CNN/Money) - Sony Corp. has reportedly reached an agreement to buy film studio Metro-Goldwyn-Mayer Inc. in a deal worth about $5 billion, a wire report said Monday, just hours after rival Time Warner Inc. dropped out of the bidding.

Sony (SNE: Research, Estimates) and its partners -- investor groups Providence Equity Partners, Texas Pacific Group and an arm of Credit Suisse First Boston -- are now offering to buy MGM for about $12 a share, or about $2.9 billion in stock, plus the assumption of $2 billion of debt, Reuters reported.

That was up 75 cents a share from Sony's original bid of $11.25 a share, or a little under $4.7 billion, including the debt, the news agency said, citing a person close to the talks.


Earlier Monday, Time Warner withdrew its bid for MGM, saying the two entertainment firms have failed to agree on a price.

"Although MGM is a valuable asset, we have decided to withdraw our bid," Dick Parsons, chief executive of Time Warner, said in a statement. "Unfortunately, Time Warner could not reach agreement with MGM at a price that would have represented a prudent use of our growing financial capacity."

Time Warner (TWX: down $0.06 to $16.45, Research, Estimates) was offering about $11 a share, or $4.5 billion to $4.6 billion, for MGM (MGM: up $0.44 to $11.55, Research, Estimates).

Entertainment firms have been vying for MGM to get its library of more than 4,000 films, which includes the James Bond, Pink Panther and Rocky titles.

The acquirer would be able to reformat the library's films for sale in the sizzling DVD market.

Reuters also reported that cable television giant Comcast Corp. (CMCSA: up $0.12 to $28.12, Research, Estimates) will be a minority investor in Sony's purchase of MGM.

Time Warner is the parent company of CNN/Money.

También nos podemos olvidar de ediciones especiales en WS y en colecciones de cortos de la Pantera Rosa :cry:
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#18
Yo no creo que los cambios sean de inmediato, pero si los habra 8)
Felicitaciones a Baidu, unico miembro del foro que lee todos los temas
HD DigitalBits Disney Club
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#19
en la madre naturaleza... que lastima, lo que me gusta de MGM es que todas sus peliculas son Widescreen y subtituladas en español y ahora con los malditos de columbia todo va a cambiar, es una verdadera pena
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#20
bueno pues Sony ya empezo a hacer de las suyas con los titulos de MGM, en USA ya se esta anunciando la edicion del 10 aniversario de PELOTON y los malditos discriminadores y hasta me atrveria a decir racistas de Sony no le van a incluir subtitulos en español, es una lastima que esta gente de Sony tenga estas politcas absurdas y es muy almentable que metan mano en muchas cosas y las echen a perder, incluso muchos titulos de Sony en CD estan descontinuados, no se que opinen ustedes pero yo creo que Sony es un cancer en la industria del entretenimeto, una pildora amarga dificil de tragar y porsupuesto son unos hijos de... :fist:
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#21
warpath escribió:bueno pues Sony ya empezo a hacer de las suyas con los titulos de MGM, en USA ya se esta anunciando la edicion del 10 aniversario de PELOTON y los malditos discriminadores y hasta me atrveria a decir racistas de Sony no le van a incluir subtitulos en español, es una lastima que esta gente de Sony tenga estas politcas absurdas y es muy almentable que metan mano en muchas cosas y las echen a perder, incluso muchos titulos de Sony en CD estan descontinuados, no se que opinen ustedes pero yo creo que Sony es un cancer en la industria del entretenimeto, una pildora amarga dificil de tragar y porsupuesto son unos hijos de... :fist:

Lo irónico es que ellos mismos están sacando últimamente televisores formato WS... no se les hace contradictorio?
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#22
Ed colocó esta nota donde MGM anuncia que continuara su trato con FOX para la distribución de sus títulos en DVD. :palmas:

DVDGeekoid escribió:Lion Bites Owner's Hand :lol: que comico este headline!! hahaa


Although Sony was described as the leader of the consortium that bought Metro Goldwyn Mayer a year ago, the MGM board on Tuesday voted to end its agreement with Sony to distribute its DVDs and television shows and to sign a new worldwide distribution pact with 20th Century Fox. Sony, however, will continue to distribute MGM's films theatrically, including the upcoming James Bond movie, Casino Royale, scheduled for release in November. As a result of the board vote, Sony will lose $25-30 million a year in distribution fees, according to a Los Angeles Times estimate. In an interview with the newspaper, MGM CEO Harry Sloan downplayed reports of tensions between MGM and Sony, saying only: "There are always going to be challenges in a relationship of this manner. ... This has much more to do with MGM coming alive as a viable independent motion picture studio." In an interview with Bloomberg News, media analyst Paul Kagan commented, "It's an admission that Fox can do it better." Sony holds a 20-percent stake in MGM.

Esta noticia ayer fue un gran shock al mercado por que ya Sony estaba finalizando los planes de sus lanzamientos de finales de 06... Ahora sera interesante lo que Fox hara con Bond, Rocky y otras propiedades MGM...
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J.R.R TOLKIEN.
DVDs
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#23
:palmas: :palmas: :palmas:
Tengo Ganas de ti, de tu aroma y de tu ser,
de tu sabor y de tu piel,
de sentirte y hacer,
aquello a lo que tu llamas placer.
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#24
EXCELENTE! porque Fox es una de las mejores productoras de DVD, y Sony por el contrario es de las peores (al menos en America Latina)... bien por MGM
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