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MGM endorses Blu-Ray disc format
Nov 14, 2005 12:41 PM, Beyond The Headlines e-newsletter
Metro-Goldwyn-Mayer announced last week that it would support the new high-definition Blu-ray Disc format, created by a group led by Sony.
The MGM announcement marks the latest move in an increasingly heated battle over rival DVD technologies between the Sony-led camp and another group led by Toshiba Corp., which is pushing a format known as HD DVD.
MGM’s move was not considered a surprise as the studio was bought in April by an investor group including private equity firms Providence Equity Partners and Texas Pacific Group, as well as Sony and Comcast, Reuters reported.
MGM said it plans to begin releasing film and television titles from its library of 4000 films when the new Blu-ray hardware launches in North America, Japan and Europe.
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