MGM Home Entertainment takes control of key territories

CALIFORNIA: In a move that underscores the strength of its worldwide home entertainment business, MGM Home Entertainment Group has assumed full control of international operations in several key territories. These include Australia, France, Germany and the United Kingdom.

An official release informs that the decision to recapture distribution in these territories is consistent with MGM's contractual option to reclaim back-room functions as part of its international distribution agreement with Rupert Murdoch's 20th Century Fox Home Entertainment.

The two companies are currently in advanced negotiations to have Fox continue to distribute and market MGM's home entertainment product in the remaining international territories.

MGM Home Entertainment Group president and COO David Bishop said: "This is an inflection point in the growth of worldwide home video. DVD player penetration in the international marketplace is 12-18 months behind the US, and growth within our newly self-distributed territories is expected to double by 2006. With this move, we now control 75 per cent of international sales, marketing and distribution. This puts us in an excellent position to fully leverage our film and television library -- the largest and most modern in the business -- as well as MGM's new film and TV content."

In India, MGM has a 50:50 JV with the Subhash Chandra broadcaster Zee. Bishop continued elaborating on the new arrangement thus, "As our distribution partner, Fox has been particularly supportive of our international strategy from the outset, knowing our intention all along was to expand MGM's self-distribution operations. We extend our sincere appreciation to Fox for helping facilitate this pivotal transition and look forward to further building upon our alliance going forward."

Latest Reads
Relive the Golden days with Shemaroo Entertainment’s “Friday Rewind with RJ Adaa”

Consumers are in for a treat as Shemaroo Entertainment has lined up a new series in association with Adaa, consisting of famous Bollywood songs.

Television TV Channels Music and Youth
Eros International’s Marathi superhit Boyz 2 shines at the box office collecting Rs. 13 crores within 10 days of release

Eros International Media Ltd, a leading global company in the Indian film entertainment industry, has announced a very successful performance of its Marathi release Boyz 2 which has collected Rs. 13 crores within 10 days of its release on 5th October.

Television TV Channels Music and Youth
Network18 reports improved numbers for Q2 FY19

Mukesh Dhirubhai Ambani’s media arm, Network18, reported improved numbers for the quarter ended 30 September 2018 (Q2 2019, quarter under review) as compared to the corresponding year ago quarter Q2 2018). The company reported 9 per cent y-o-y growth in consolidated revenue for Q2 2019 at Rs 1,237...

Television TV Channels GECs
ZMCL reports more than quadruple profit for second quarter

The company’s consolidated operating revenue increased 35.5 per cent y-o-y in Q2 2019 at Rs 168.66 crore as compared to Rs 124.51 crore in the year ago quarter. Total income increased 34.7 per cent y-o-y in Q2 2019 to Rs 170.66 crore from Rs 126.71 crore in Q2 2018.

Television TV Channels News Broadcasting
Eros Now Partners with Celcom; Consolidates Distribution in Malaysia

Eros International Plc (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that Eros Now, its digital over-the-top distribution service

Television TV Channels Music and Youth
TV Today Network subsidiary receives IT demand notices

TV Today Network Limited (TVTN) has informed the bourses that its wholly owned non-material subsidiary India Today Online Private Limited (ITOPL) has received separate demand notices from the Income Tax department.

Television TV Channels News Broadcasting
BBC Studios India and Mindshare’s I Can You Can wins two Silvers - Best Branded Content and Best Media Strategy at the Emvies 2018

BBC Studios India and Mindshare, India’s largest media agency, announced that it has won two Silvers at EMVIES 2018

Television TV Channels News Broadcasting
NDTV launches India’s first mobile-only portrait live channel

New Delhi Television Ltd (NDTV) has launched India’s first mobile-only vertical live channel with the name NDTV HOP Live. India has nearly 432 million internet users and this number is growing at a rate of 4-8 per cent, according to Deloitte’s Technology, Media and Telecommunication (TMT)...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories