[September 16, 2004] SONY, COMCAST AND MGM (EMAILWIRE.COM, September 16, 2004) CEDAR KNOLLS, NJ - Sony has successfully bid for MGM, greatly expanding Sony's motion picture resources and adds more content to the growing digital media market. At the last minute, Comcast joined the Sony group, first as a distributor and, the company says, later as a partner. "Comcast has indicated once again that the future may be more heavily weighted towards digital media," said Allan Tumolillo, COO of Probe Financial Associates. "Traditional TV programming - movies, sitcoms, game shows and so forth - will be challenged for viewer 'mindshare' by a growing interactive suite of applications." "Comcast's telecom strategy must be reconsidered," said Tumolillo, "with AT&T more than a willing partner in VoIP, it makes tremendous sense to let AT&T take the infrastructure risk in VoIP and for Comcast to turn its attention to what is the future of television - will it become an Internet business?" Comcast and the other major cable operators allied with AT&T may come to the realization that spending princely sums on infrastructure simply to get into a price war with the telcos, Vonage and Skype may be counter-productive. PFA's new report, "Sony, Comcast and MGM" analyzes the significance of Comcast's participation in the Sony acquisition of MGM. - # - _____________________________________________________________________ To obtain more information on Probe Financial Associates and its products, contact Karen Verrinder or visit PFA on the web at www.probefin.com. Contact: Karen Verrinder Tel. 973.734.0109, ext. 227 E-mail: [email protected] This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com. [ Back To TMCnet.com's Homepage ]