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Entertainment & Sports

Dec. 11, 2009

Comcast's MGM Hangover

Comcast Corp., which recently announced it was acquiring a majority stake in NBC Universal, is probably hoping that its latest venture in an entertainment company pays off more than its last movie-studio investment.

By Jean-Luc Renault

Daily Journal Staff Writer

LOS ANGELES - Comcast Corp., which recently announced it was acquiring a majority stake in NBC Universal, is probably hoping its latest venture in an entertainment company pays off more than its last movie-studio investment.

In 2004, the cable giant acquired a 20 percent equity stake in Metro-Goldwyn-Mayer after joining forces with Sony and several private funds in a highly leve...

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