With more than 4,000 movies, MGM boasts the world's largest library of modern films, including the James Bond, Rocky, Pink Panther and Legally Blonde franchises and award-winning works by prominent directors such as Woody Allen and Ingmar Bergman. In 2003, MGM commanded 17 percent of domestic library DVD market share, second among all studios.
Cinram has had a relationship with MGM Home Entertainment in Canada for nearly a decade. Pending the signature of a long-term contract, Cinram began manufacturing and distributing MGM product for both the United States and Canada in December, under a transitional agreement. Today's announcement confirms the signature of a multi-year agreement under which Cinram will become the exclusive manufacturer and distributor of MGM DVD and VHS products in both countries. Terms of the deal were not disclosed.