DanielTaylor has been appointed president of MGM following completion of the sale tothe Sony-led LOC Acquisition Company consortium.
Taylor will be responsible for overseeing all operations of MGM, includingdevelopment and production of a smaller slate of theatrical and televisionproduct through co-financing and distribution with Sony.
He will play a major role in leveraging MGM's legendary film library whileworking with Comcast to expand MGM's reach through new content and deliveryavenues.
"On behalf of the Consortium, we are pleased and fortunate that Dan will be leading MGM," Michael J Angelakis, a managing director at Providence EquityPartners, said in a statement.
"We have known Dan for several years, and his extensive experience at MGM andhis knowledge of the media business will be invaluable. We are confident thatDan and the management team he is currently assembling will provide strong andeffective leadership at MGM."
"Working with our two libraries, Sony and MGM will now be able to provideaccess to the world's largest collection of film and television content, whilewe continue to aggressively pursue new technology and distribution options thatwill create a host of new opportunities and choices for consumers for many years to come," Taylor said.
Taylor originally worked at MGM from 1985-91 before leaving for TracindaCorporation. He returned to the fold in August 1997 and most recently served asMGM's senior executive vice president and chief financial officer.