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July 1995
- In 1990, Sheinberg and Lew Wasserman negotiated a $6.59 billion sale of MCA and Universal to Japan's Matsushita Electric in cash and securities. Sheinberg departed Universal in July 1995, following the takeover of the studio by the Seagram Company.
en.wikipedia.org/wiki/Sidney_Sheinberg
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Sheinberg departed Universal in July 1995, following the takeover of the studio by the Seagram Company. He produced several feature films through his production company The Bubble Factory over the decade that followed.
Jun 11, 1997 · The deal was negotiated when Sheinberg exited as president of MCA Inc.--since renamed Universal Studios Inc.--when spirits giant Seagram Co. bought control of the entertainment conglomerate...
Mar 8, 2019 · Sidney Sheinberg, an irascible Universal Studios executive who discovered and nurtured Steven Spielberg, putting “Jaws” into production and helping to turn Hollywood into a...
Dec 19, 1993 · IT WAS SID SHEINBERG, PRESIDENT AND CHIEF operating officer of Universal’s parent organization, MCA Inc., who sent Thomas Keneally’s book, “Schindler’s List,” to Spielberg shortly after ...
Mar 9, 2019 · Sheinberg left the company after it was sold to Seagram Co. in 1995. Seagram paid $5.7 billion for an 80% stake in MCA, which owned the Universal Studios theme parks and other assets.
- ryan.faughnder@latimes.com
- Company Town Senior Editor
Jun 16, 1997 · Sheinberg, in a statement, called the deal ''functionally too restricting.'' Studio executives said Universal ended the deal by writing a check. The details were not disclosed.
Mar 8, 2019 · Sidney Sheinberg, who served for more than 20 years as president and COO of MCA, Inc and Universal Studios and helped build the former agency into a potent entertainment corporation, died...