Friday, October 8, 2010

MGM To Enter Bankruptcy

When the Hollywood risks the loss of one of its once powerhouse studios, MGM, it is a clear sign in the sand that it is out with the old and in with the new. Old Hollywood rules are out, the new digital age of direct to home is gathering steam. If businesses don't change to meet the changing needs of their customer, then they will be replace by those willing to adapt in order to survive and excel.

And while bankruptcy won't put the MGM name into the grave, it will symbolize that the business model that once thrived is now outdated and studios must creatively find new doors to open.

1 comment:

  1. I'm sure that backing EPIX (which still can't get Time Warner and Comcast on board) didn't help MGM's fate.