![]() ![]() Except this time, the buyer is the tech company itself. “Just as everyone in the entertainment industry is anxious to buy into the profits of the new technology, so is the technology hungry to gobble up just about anything, old or new, that will entertain,” the Post’s Katherine MacDonald wrote of the deal, though the cutting edge at the time was cable TV and VHS cassettes.įorty years later, those same titles are still being coveted to entertain through new technology. Why the Dying DVD Business Could Be Headed for a Resurrection So MGM acquired UA, and its films, for some $380 million ($1.2 billion adjusted for inflation), with Frank Rosenfelt, MGM’s chairman, telling The Washington Post at the time that UA’s library would be critical as Hollywood transitioned “from the movie business to the entertainment software business.” UA, a Hollywood icon itself, was behind films like Some Like It Hot, Raging Bull, One Flew Over the Cuckoo’s Nest, and, yes, the Rocky movies and the Bond franchise. And it liked what it saw in the intellectual property of United Artists. ![]() Mayer Productions, had an eye for expansion. The studio, formed in 1924 through the merger of Metro Pictures Corp., Goldwyn Pictures and Louis B. In the summer of 1981, MGM coveted Rocky and James Bond.
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