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Sony & MGM ?

Wednesday September 15, 2004. 11:00 AM, by Nonoiseman Industry
Industry : Sony & MGM ? - macmusicThe legendary Metro Goldwyn Mayer Studios, would be part of the Sony corporation. Sony has made an offer of 12$ by share for a total of 2.93 billion dollars, and will clean up the 2 billion $ debt. They give a deposit of 150 million of dollars. The final decision will occur before September 27th.

The bad news is that it will make Sony bigger in the multimedia industry and it will be more difficult for little companies to compete with a giant like this. It will also be more difficult for companies like Apple who try to have another distribution mode. And for independents and artists, they will have to negotiate according to the Sony rules.
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