Harry E. Sloan

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Harry E. Sloan "is the Chairman of Metro-Goldwyn-Mayer Studios Inc. (MGM). Mr. Sloan has invested in MGM to become part of the ownership group, which includes four private equity firms and two media companies.

"Mr. Sloan brings extensive leadership and investment experience in the media and entertainment industries to MGM. He has invested in and headed three media companies: SBS Broadcasting, Lions Gate Entertainment Corp., and New World Entertainment. Most recently, he was Executive Chairman of SBS Broadcasting, a leading European media company, which he founded in 1990. The sale of SBS for about $2.6 billion was completed in October 2005. SBS will shortly consolidate its operations into Prosieben Sat.1 Media AG, Germany's largest television broadcasting group, creating a European media powerhouse.

"Mr. Sloan stepped down from his position as Executive Chairman of SBS Broadcasting upon the completion of its sale on October 19. After starting SBS in 1990, Mr. Sloan built the company into the second largest broadcaster in Europe with 16 television stations, 21 premium pay channels and 11 radio networks, reaching 100 million people across Europe. He led the Company's initial public offering in 1993, SBS became the largest shareholder of Lions Gate Entertainment. Lions Gate has since become a premier independent producer and distributor of motion pictures, televsion programming, home entertainment, and video-on-demand content. Its film library is one of the largest in the industry. Mr. Sloan was Chairman of the Board of Lions Gate until April 2005.

"Prior to founding SBS, Mr. Sloan had served as Chairman of New World Entertainment Ltd., which he had purchased in 1983. He led New World's initial public offereing in 1985, acquired Marvel Entertainment Group in 1986, and sold the business in 1989. When he acquired New World in 1983, it was a small, private independent motion picture producer and distributor. Under his leadership, New World grew into a fully integrated, publicly traded media company releasing 30 films per year. It was also the third largest supplier of prime time television programming to the U.S. networks and the largest U.S. independent film and video distributor. From 1976 to 1983, Sloan was a practicing entertainment lawyer with Sloan, Kuppin and Ament, a law firm which he founded in Los Angeles. He received his B.A. degree from UCLA in 1973 and J.D. Degree from Loyola Law School in 1976." [1]

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  1. Harry E. Sloan, MGM, accessed November 17, 2010.