Anxious to expand the company's broadcast and cable presence, longtime MCA head Lew Wasserman sought a rich partner. He located Japanese electronics manufacturer Matsushita Electric (now known as Panasonic), which agreed to acquire MCA for $6.6 billion in 1990. Meanwhile, around this time, the production subsidiary was renamed Universal Studios Inc., and (in 1990) MCA created MCA/Universal Home Video Inc. for the VHS video cassette (later DVD) sales industry.
Anxious to expand the company 's broadcast and cable presence , longtime MCA head Lew Wasserman sought a rich partner . He located Japanese electronics manufacturer Matsushita Electric ( now known as Panasonic ) , which agreed to acquire MCA for $ 6.6 billion in 1990 . Meanwhile , around this time , the production subsidiary was renamed Universal Studios Inc. , and ( in 1990 ) MCA created MCA / Universal Home Video Inc. for the VHS video cassette ( later DVD ) sales industry .
In what year was MCA/Universal Home Video Inc. created?
In what year was MCA / Universal Home Video Inc. created ?
1990
1990