Saregama inks deal with MGM Studios

Saregama India today announced a strategic alliance with MGM Studios for marketing modern Hollywood films in the Indian market.

Sanjiv Goenka, vice-chairman of Saregama India, said the company would launch at least 100 MGM titles in the rapidly growing domestic video market over the next year.

Saregama's new alliance comes after similar tie-ups with other Hollywood majors like Universal, Warner Brothers and Paramount, which has given the company almost a monopoly in the international films segment, he said, adding that this would also help Saregama in further strengthening its marketshare in the video business.