Sony Closer to Content/Gadget Vision with MGM Deal
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With its acquisition of Hollywood film  studio Metro-Goldwyn-Mayer, Sony Corp is one step closer to its  vision of linking hardware and content, and to winning the key  battle for the next generation DVD.
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A Sony-led group has a deal in principle to buy Metro-Goldwyn-Mayer for about $2.94 billion in cash and $1.95 billion in assumed debt, MGM (MGM) announced Monday evening.
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PHILADELPHIA/LOS ANGELES  - A group headed by Sony  Corp. of America on Monday agreed to buy Hollywood film studio  Metro-Goldwyn-Mayer for about $2.85 billion in cash to mine  MGM's lucrative library for the booming DVD market.
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Under a definitive agreement reached Thursday by Metro-Goldwyn-Mayer Inc. and a consortium led by Sony Corporation of America, MGM will continue to operate as a private movie-making company
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As part of Sony's long-range plans for its newest gaming console, the PlayStation 3 will be getting a movie-download service as well as additional music and HDTV capabilities.
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LOS ANGELES/TOKYO  - A group headed by Sony Corp.  of America has agreed to buy Hollywood film studio  Metro-Goldwyn-Mayer for about $2.85 billion in cash to mine  MGM's lucrative library for the booming DVD market.
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It is being billed as the DVD equivalent of the Betamax versus VHS video format battle of the early 1980s. Disney announced yesterday it has signed up to Sony&#39;s Blu-ray technology for the
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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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After months of heated wrangling and public speculation, a consortium led by Sony Corp. signed a definitive deal Thursday to buy the famous Hollywood studio Metro-Goldwyn-Mayer (MGM).
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The Associated Press is reporting that film and television studio Metro-Goldwyn-Mayer Inc. has agreed to let itself be bought out by a consortium headed by Sony.
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Film studio Metro-Goldwyn-Mayer Inc. Tuesday reported a net loss in the third quarter on lower revenue as the company prepares to be purchased by a consortium led by Sony Corp.
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A consortium led by Sony Corp. that includes cable television giant Comcast Corp. has entered into a definitive agreement to acquire venerable film studio Metro-Goldyn-Mayer, the parties said Thursday.
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Sony, Matsushita and other firms are planning to launch camcorders using next-generation, smaller DVDs in the Blu-ray format as early as 2005 to win a lead over a rival offering, a report said today.
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Sony may be puling its Clie handhelds out of the US and Europe, but that doesn&#39;t mean the company has lost all faith in the handheld market.
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TOKYO With its acquisition of Metro-Goldwyn-Mayer, Sony is one step closer to its vision of linking hardware and content, and to winning the key battle for the next-generation DVD.
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TOKYO - Sony Corp. is banking on the $3 billion deal to acquire Hollywood studio Metro-Goldwyn-Mayer Inc...
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Sony Pictures is turning  its online acquisition Grouper into a ministudio that aims to  move some of the best user-generated content onto movie and TV  screens.