Thursday, September 23, 2010

Will Sahara India Pariwar pay the debt of Hollywood Studio MGM and bring MGM to India?

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All of us are very much familiar with the famous Hollywood based film production Metro-Goldwyn-Mayer Inc. popularly known as MGM. This major Hollywood studio in the world was established in the year 1924. MGM has the largest collection of modern films to its name, the figure approximately equal to 4,000 titles and good episode collection of television programming.’ Wizard of OZ’ and ‘Gone with the Wind’ is few famous works of this production house, MGM.

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Sahara's Eye on MGM!

It has been alleged that MGM company is under a debt of $4 billion. As the studios is facing bankruptcy, Lucknow-based diversified business house Sahara India Pariwar has made a bid of about $2 billion to buy the debt of MGM. The deal is still in progress but not yet finalized. If Sahara India Pariwar gets MGM, it will be a major breakthrough for India in Hollywood industry. Sahara India Pariwar is doing business in India in diverse fields like infrastructure, consumer products, media and entertainment, manufacturing and services.

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