Movie Studio MGM Launches New Media DivisionAuthored by Mark Hefflinger on March 31, 2006 - 8:07am.
Los Angeles - Hollywood movie studio Metro-Goldwyn-Mayer (MGM) this week announced the formation of a new media division, which will oversee the company's digital distribution strategy, including broadband and wireless efforts. The company named Douglas A. Lee as executive vice president in charge of the new unit. Previously, Lee founded Lee Consulting Company, and also served in executive positions at Universal Television, 20th Century Fox and HBO. "There are numerous opportunities to grow and extend the MGM brand in the new media age," said Lee. "We will look to mine the library for new opportunities and also create new productions and initiatives for the plethora of new media opportunities that currently exist, as well as plan for new and emerging possibilities."
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