MGM Buys Out Warner Pact
-- Metro-Goldwyn-Mayer here has agreed to pay Warner Home Video, Burbank, Calif., $225 million to end its arrangement with Warner to distribute all MGM home video products.
MGM will take control Feb. 1, 2000 of the titles it has produced since 1986. The distribution agreement was originally set to expire in May 2003. However, MGM will assign Warner the rights to distribute titles produced before 1986, which had been previously sold to Turner Enter