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Warner Brothers has bought MGM'

Hey folks, Harry here... The drama of what is going to happen to MGM continues... Seems every giant entertainment corporation around has been working to land the lion. MGM has been a rather funky place for quite some time, the real significance of the place lies in its library and for me, the history of the place.

The word that has reached me today is that Warner Brothers officially purchased MGM today and that there will be board meetings tomorrow to discuss the integration process. At this point - consider it a highly placed rumor, but it looks like Leo will have a WB collar.

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