
There's been some interesting media stats released in the last few days, a Boing Boing reader discovered that MGM had a gap in their website security (since closed) that revealed a whole mess of data and sales stats they would probably prefer didn't leak. The above image merely confirms what we already know: Digital media is far cheaper to replicate and distribute than the analog (and i'm obviously including VHS here) counterparts of the past. Sony knows this too. Sony has just completed acquiring MGM and now has a full catalog of 4200 of MGM's past glories, which i fully expect to see utilised in the next 6-12 months if Sony can repackage and distribute quickly enough for consumers. Time Warner had been interested in capitalising on the catalogue too, but somehow decided that the $3 billion Sony finally moneyed up with was too much. To me 3 billion sounds a bit cheap. If they hold the rights in perpetuity the only real cost is distribution.
In its day MGM was a phenomenal studio that was as well known for its lavish productions and stars, almost as well known as Michael Bay is known for directing awful films.
MGM was responsible for a number of american classics in its time, for most, as the owner of The Wizard of Oz; but one thing that hasn't been mentioned at all is that Sony is part of a consortium of owners who have purchased MGM, the notable investor in all of this is Comcast and it's pretty easy to see why.
Ted Turner took the United Artists or UA out of MGM/UA in 1986 so he could broadcast the catalogue via his cable channel, and colourise films that should never be colourised (No Ted, The Maltese Falcon is supposed to be that dark). Although, fortunately, that phase seems to have passed from history, it's pretty easy to see why Comcast would want access to the catalogue $ 3 billion is pretty cheap when you can devote an entire channel to MGM catalogue greats, not to mention the obvious next step: Video-on-demand and the potential of digitally cleaning up the catalogue for cinema re-release and the consequent DVD re-releases that will inevitably follow.