http://www.indiantelevision.com/head...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*
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*