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MGM poised to create distribution arm US studio MGM is reportedly in the process of building a distribution arm and is close to signing its first deal with the Weinstein Company. Almost a year after MGM was purchased by a consortium of investors, including Sony, the studio is said to be discussing forging distribution pacts with several production companies, among them US companies Lakeshore Entertainment and Bauer Martinez. If the deals are agreed, MGM would become – for now at least – a pure theatrical and home entertainment distributor, no longer investing in development, production or marketing. The move will allow MGM to add value to its 4,000-film library, which includes the James Bond franchise, and provide more product for new digital outlets. It will also increase MGM's value in the event of an IPO. The Weinstein Company is expected to provide MGM with roughly six to eight films annually. Films produced under Bob Weinstein's Dimension banner will not be included, and none of its distribution agreements are likely to be exclusive. Weinstein has also reportedly been exploring making Showtime Network the television home for its films via MGM's output deal with the cable channel – something that will prove attractive to other production entities contemplating doing business with MGM. The first MGM-distributed film could be released as early as this spring, and a likely contender is Bauer Martinez's Harsh Times, starring Christian Bale. Jo Anne Kenny 6 Feb 2006 © C21 Media 2006 
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