LOS ANGELES, Jan. 23 /PRNewswire/ -- Continuing to capitalize on the
opportunities created by the recent growth in high definition television,
Metro-Goldwyn-Mayer Studios Inc. (MGM) has secured carriage for its MGM HD
Channel on Verizon's FiOS TV service, bringing feature film hits from the
MGM library to Verizon FiOS TV subscriber households in full high
definition splendor. The announcement was made today by Douglas A. Lee,
Executive Vice President of Worldwide Digital Media for Metro-Goldwyn-Mayer
Studios and Jim Packer, Co-President, MGM Worldwide Television.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO)
"The response to the MGM HD Channel, even in today's crowded and
challenging marketplace, has been very encouraging, especially as consumers
validate our belief that HDTV owners value movies along with sports as HD's
greatest viewing proposition," said Lee in announcing the Verizon FiOS TV
agreement. "We are one of the only services available 24/7 in full 1080i
HD."
MGM HD will be rolled out in late 2008 across all of the Verizon FiOS
TV systems including California, Delaware, Florida, Indiana, Maryland,
Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island,
Texas and Virginia.
Taking the lead among Hollywood studios to convert substantial
theatrical library assets to the superior broadcasting format of high
definition, MGM HD has already proven its popularity with consumers in the
U.S., having previously launched on DirecTV in October of 2007. MGM
Chairman and CEO Harry Sloan's initiative is to launch MGM branded HD
channels around the world.
Backed by the world's largest modern film library, consisting of more
than 4,100 film titles and winner of 209 Academy Awards(R), MGM HD has a
distinct advantage over the competition in the expanding HD marketplace. In
addition to classic MGM theatrical hits, MGM HD will be the ultimate
resource for serious movie fans, offering viewers an array of original
programming and new content.
Audiences can look forward to exclusive behind the scenes coverage of
red carpet events, sneak peeks at new films in production, seasonal
promotions and world premieres of newly re-mastered hits from the MGM
library.
About MGM HD
MGM HD, the studio's first wholly-owned channel in the United States,
delivers a robust library of classic and contemporary films in high
definition, 1080i. MGM HD is the ultimate resource for serious movie fans.
MGM HD is composed of a 24/7 linear network, a companion MGM HD VOD
offering, and mgmhd.com. It draws from the largest modern film library in
the world. And with world premieres of newly re-mastered hits and exclusive
original programming, MGM HD is the way movies were meant to be seen.
About Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is
actively engaged in the worldwide production and distribution of motion
pictures, television programming, home video, interactive media, music and
licensed merchandise. The company owns the world's largest library of
modern films, comprising around 4,100 titles. Operating units include
Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United
Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM
Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co, MGM
International Television Distribution In, Metro-Goldwyn-Mayer Home
Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media,
MGM Consumer Products and MGM Interactive. In addition, MGM has ownership
interests in international TV channels reaching nearly 120 countries. MGM
ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony
Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners
(7%) and Quadrangle Group (3%). For more information, visit
http://www.mgm.com.
CONTACT:
Jeff Pryor
Executive Vice President/Corporate Communications
Metro-Goldwyn-Mayer Inc.
p. 310-449-3446; e. jpryor@mgm.com
SOURCE Metro-Goldwyn-Mayer Inc.
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Related links:
http://www.mgm.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Jeff Pryor, Executive Vice
President-Corporate Communications of Metro-Goldwyn-Mayer Inc.,
+1-310-449-3446, jpryor@mgm.com
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