2005 In Review Part 5: MAY 20051 Jan, 2006 By: Thomas K. Arnold
A month after leading a buyout bid, Sony in May began the process of incorporating MGM's assets.
A year after it began testing video vending machines, McDonald's is gearing up for a national rollout of at least 1,200 Redbox DVD vending machines in up to 100 major markets by year's end.
Blockbuster reports a staggering $57 million loss for the first quarter of the year, and the battle between CEO Antioco and renegade shareholder Icahn grows increasingly tense. Icahn wins a heated battle to install himself and two cronies on the chain's board of directors, ousting Antioco and two incumbent directors after weeks of acrimonious debate over Blockbuster's future management.
Twentieth Century Fox becomes the third major studio to announce a slate of films for Sony's PSP. A few weeks later, two Sony titles — House of Flying Daggers and Resident Evil: Apocalypse — ship more than 100,000 units each, even though the PSP has only been on the market for less than two months. The first DVD title to reach the 100,000-unit mark, Air Force One, took nine months to reach the milestone.
A month after a Sony-led bid to take over MGM is completed, former MGM Home Entertainment president David Bishop lands a new job as president of worldwide brand integration strategy for Sony Pictures Entertainment. He will oversee the integration of MGM assets across the various Sony worldwide distribution entities, including the worldwide home entertainment, international theatrical and international television divisions.