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View Full Version : MGM chairman predicts $1 trillion investment worldwide on new media platforms



prion
October 12th, 2006, 09:03 AM
http://www.indiantelevision.com/headlines/y2k6/oct/oct128.htm

excerpt:

MGM chairman predicts $1 trillion investment worldwide on new media platforms
Oct 11 2006

MUMBAI: Metro-Goldwyn-Mayer Studios Inc. (MGM) chairman and CEO Harry Sloan, in delivering a keynote address to
delegates at the MIPCOM global television market at Cannes, predicted a $1 trillion investment worldwide in creating new media platforms.

Half of that figure, US $500 billion, will be invested in platform development in the US, with the other half divided between key global markets.

[down to relevant section]

MGM also announced a partnership with Apple's iTunes that will see its signature television series Stargate SG-1, which just celebrated its 200th episode, available for download.

Sloan said that while MGM's previous management "missed every technology change of the past 35 years" that impacted the entertainment industry; he foresees even greater change and opportunities coming to fruition over the next five years than the past 35 combined. In concluding his address Sloan stated: "MGM will never miss another opportunity."

*full article at link above*