Vision Video Ltd.: Difference between revisions
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However MCEG was filed in chapter 11 bankruptcy as they sold 85% of the company to GE Capital with the remaining 15% stake acquired by the Virgin Group but then it later sold the remaining 15% to GE Capital making it full ownership of Virgin Vision. The company scaled down it's operations to video distribution only in the UK and GE Capital later renamed the company to Vision Video Ltd. However in early 1991, GE Capital announced that Vision Video Ltd. (at that time Virgin Vision) was up for sale and in January 1993 [[PolyGram Filmed Entertainment (UK)|PolyGram Filmed Entertainment]] had acquired the company with it's operations merged with it's home entertainment arm [[PolyGram Video (UK)|PolyGram Video]] making it a label. | However MCEG was filed in chapter 11 bankruptcy as they sold 85% of the company to GE Capital with the remaining 15% stake acquired by the Virgin Group but then it later sold the remaining 15% to GE Capital making it full ownership of Virgin Vision. The company scaled down it's operations to video distribution only in the UK and GE Capital later renamed the company to Vision Video Ltd. However in early 1991, GE Capital announced that Vision Video Ltd. (at that time Virgin Vision) was up for sale and in January 1993 [[PolyGram Filmed Entertainment (UK)|PolyGram Filmed Entertainment]] had acquired the company with it's operations merged with it's home entertainment arm [[PolyGram Video (UK)|PolyGram Video]] making it a label. | ||
On December 10, 1998 Polygram was sold to Seagram & Sons (the former owner of [[Universal Pictures]] which is now part of NBCUniversal). Currently [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer]] owns the majority of Vision Video's library through the pre-March 1996 PolyGram Filmed Entertainment library which had brought back in 1999. | |||
==Virgin Video== | ==Virgin Video== | ||