With a roar from its patented lion, Metro-Goldwyn-Mayer last week stalked into the phonograph-record industry. Nobody was too surprised. But the roar was loud enough to make old-line record companies mighty nervous.
M-G-M had long been looking hungrily at records. The business was a jungle full of small fry (some 230 manufacturers), lorded over by Victor. Decca and Columbia. The fry was numerous enough and appetizing enough to make Leo's mouth water. With 5,000,000 record-players (including 500,000 jukeboxes) in use throughout the U.S., the industry sold 287 million records in 1946, expects to...
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