Philips nabs film rights

Philips Media has signed an agreement to distribute 30 films from the MGM and UA libraries for the compact disc-interactive system, using the recently developed MPEG-1 standard, which allows for full-screen, full-motion video.

While neither executives of MGM/UA nor Philips would disclose financial details, sources said the deal would bring several million dollars to the studio for the rights to the titles.

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