Comcast Lands MGM HD
Metro-Goldwyn-Mayer said it signed an affiliate agreement with Comcast that allows the nation’s biggest cable operator to carry high-definition movie channel MGM HD and offer hundreds of movies to subscribers in HD through its on-demand service.
Comcast helped a Sony-led consortium buy MGM in 2004 and owns 20% of the studio. The group’s $4.8 billion bid topped one from Time Warner.
At the time, Comcast made a deal that gave it movies to fill its on-demand pipeline and to form a joint venture to create new cable channels.
“This is another step in growing the incredible opportunities that exist between MGM and Comcast and deepens our strategic relationship,” Jim Packer, co-president of MGM Worldwide Television, said in a statement. “We are very excited to be able to offer MGM HD to Comcast’s HD customers and think that the channel will be a wonderful complement to the company’s HD initiatives.”
Terms of the deal were not disclosed.
“As more people are watching movies in HD, Comcast is a one-stop destination for all of the hits, new and old,” said Matt Bond, executive VP of content acquisition for Comcast Cable. “This agreement brings a wealth of quality MGM films to our customers and adds to our growing library of hundreds of HD choices we currently offer.”