Universal Studios
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.
Who was the head of MCA in 1990?
Lew Wasserman
Anxious to expand the company's broadcast and cable presence, longtime MCA head Lew Wasserman sought a rich partner.
MCA