ABC Evening News for Monday, Nov 26, 1990
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(Studio: Peter Jennings) Report introduced.
(New York: Bob Jamieson) Purchase by Japanese electronics firm Matsushita of MCA, the parent company of Universal Studios, examined; scenes shown from Hollywood, California, of studio's back lot. Recent purchases of movie companies Columbia, MGM/UA and 20th Century-Fox by foreign investors recalled. [Merrill Lynch media analyst Harold VOGEL - says impact on movie making will be minimal.] ["Hollywood Reporter" Alex Ben BLOCK - says it may be terrible news for making of smaller movies.]
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