MGM Names New Senior Management Team
Sony Corp. of America, based in New York City, is the U.S. subsidiary of Sony Corp., headquartered in Tokyo. Sony is a leading manufacturer of audio, video, communications and information technology products for the consumer and professional markets. Its music, motion picture, television, computer entertainment and online businesses make Sony one of the most comprehensive entertainment companies in the world. Sony's principal U.S. businesses include Sony Electronics Inc., Sony Pictures Ent., Sony Computer Ent. America Inc., and a 50% interest in Sony BMG Music Ent., one of the largest recorded music companies in the world. Sony recorded consolidated annual sales of over $72 billion for the fiscal year ended March 31, 2004, and it employs 162,000 people worldwide. Sony's consolidated sales in the U.S. for the fiscal year ended March 31, 2004 were $20.4 billion. For more information see www.sony.com.
Providence Equity Partners Inc. is one of the world's leading private investment firms specializing in equity investments in media and communications companies
Texas Pacific Group is one of the world's leading private investment firms managing more than $15 billion in assets. The firm is based in Fort Worth, Texas, and has additional offices in San Francisco and London.
Comcast Corp. is the nation's leading provider of cable, entertainment and communications products and services. With 21.5 million cable customers and 7 million high-speed Internet customers, Comcast is principally involved in the development, management and operation of broadband cable networks and in the delivery of programming content.
DLJ Merchant Banking Partners is a leading private equity investor that has a 20-year record of investing in leveraged buyouts and related transactions across a broad range of industries.