Let Us Entertain You

Matsushita rattles American nerves by paying $6.1 billion for a Hollywood dream machine, but the giant MCA is likely to be stronger as a result

All that was missing was a small boy to tug at Lew Wasserman's sleeve and plead, "Say it ain't so, Lew."

Central Casting could not have supplied a better chorus of worriers than the screenwriters, politicians and just plain citizens who weighed in last week after MCA chairman Wasserman announced that he was selling Universal Pictures and the rest of the MCA entertainment giant to Matsushita Electric Industrial for $6.1 billion. How could he, they asked, sell to foreigners the studio that made To Kill a Mockingbird, Jaws, E.T., Born on the Fourth of July and Back to the Future? The...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!