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MGM open to more joint ventures with Indian channels

21-March-2001
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MGM open to more joint ventures with Indian channels

Metro Goldwyn Mayer (MGM) said it is open to more joint ventures with Indian channels, like the one it has with Zee. For the Indian market, MGM has made available a library of 3,300 titles.

MGM has taken 30 per cent stake in the joint venture company Zee-MGM. In India, Zee-MGM is eyeing to break even within the next two –three years. MGM is a 1.5 billion dollar group and MGM Networks is its wholly-owned subsidiary.

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