Who owns mca

Other companies, notably European entertainment giant PolyGram, were known to be interested. In a statement, Matsushita said that the sale of MCA marked a return to its basic business of electronics. Sources close to the company added that Matsushita executives believe that they were under intense pressure to put their attention and resources into developing products to accommodate the coming digital communications revolution.

It will be judged in five years or more. The only actions I take are actions that are in the best interests of the shareholders of the Seagram Co. Speculation has been that Bronfman will be a hands-on owner. In the interview, however, he said he plans to spend a lot of time learning. Bronfman said he is friends with Geffen, knows Katzenberg and looks forward to meeting with Spielberg.

All Sections. About Us. A couple of years later, Alfred Hitchcock gave MCA his rights to Psycho and his television anthology in exchange for , shares, making him the third largest investor in MCA, and his own boss at Universal. Kennedy 's Department of Justice to dissolve its talent agency—which represented most of the industry's biggest names—because owning both the movie studio and a talent agency would violate antitrust laws. The agents quickly formed several dozen new firms, representing talent.

Many of these are woven into the corporate fabric of today's talent management agencies. By the end of the year, MCA had assumed full ownership of Universal upon the completion of the merger. That same year MCA also acquired guitar maker Danelectro. In , the final Decca pop label release was issued.

In , Stein stepped down from the company he founded and Wasserman took over as chairman and chief executive officer, while Sidney Sheinberg was appointed president and chief operating officer of MCA. Barnett, who ran the agency's live acts division during its glory agency years in the s and s, and Ned Tanen , head of Universal Pictures.

In , the company entered the book publishing business with the acquisition of G. Putnam's Sons. From to , Irving Azoff was chairman of MCA Records and is credited for turning around the fortunes of the label. The Chess Records catalog was acquired from the remnants of Sugarhill in Motown Records was bought in and sold to PolyGram in GRP Records which became MCA's label for jazz music and thus began managing the company's jazz catalogue and Geffen Records which served as another mainstream music subsidiary were acquired in MCA also acquired other assets outside of the music industry.

In , its publishing division, G. In , Seagram Company Ltd. The following year, G. Putnam's Sons was sold to the Penguin Group.

Viacom had purchased Paramount in , and the contract for USA Networks prohibited either of their owners from owning cable channels outside the joint venture. But in an atmosphere of trade friction between the United States and Japan - not to mention the potential of a further downturn in the U. Sections U. Science Technology Business U. Connect with the definitive source for global and local news. The Associated Press.