Editing PolyGram Filmed Entertainment (section)

== Overview ==
{{Evolution of Comcast NBCUniversal}}
In 1975, [[Peter Guber]] formed its own production company FilmWorks, then in 1976, it became Casablanca Record & FilmWorks after a merger with [[Casablanca Records]], which [[PolyGram]] got a 50% by 1977, and by 1980, PolyGram took the other 50% stake in the company and renamed the film unit as PolyGram Pictures.

During the late 1980s and early 1990s, PolyGram continued to invest in a diversified film unit with the purchases of individual production companies. In 1995, PolyGram purchased [[ITC Entertainment]] for $156 million.

In May 1998, PolyGram was sold to [[Seagram]], which, at the time, owned both [[Universal Pictures]] and [[Universal Music Group]] (UMG), for $10 billion. Seagram however, was only interested in PolyGram's music division and immediately sold off some of PolyGram's film and television assets: The pre-March 1996 PFE library (including [[Trans World Entertainment (film company)|the Epic library]]) was sold to [[Metro-Goldwyn-Mayer|MGM]] for $250 million, the ITC Entertainment library was sold to [[Carlton Communications]] for £91 million, and PolyGram's US distribution operation was sold to [[USA Network]].

After many of its assets were sold, the remains of PolyGram's film division were folded into Universal Pictures. When the newly formed entertainment division of Seagram faced financial difficulties, it was sold to [[Vivendi]], and [[MCA Inc.|MCA]] became known as [[Universal Studios, Inc.|Universal Studios]], as Seagram ceased to exist.

Vivendi remained the majority owner of the UMG until 2021, when it sold most of its stake. MGM owns the rights to most of the pre-April 1996 library, and the remaining post-March 1996 film and television library is owned by [[NBCUniversal]].

On February 11, 2017, Universal Music Group established a film and television division and named it [[PolyGram Entertainment]], thus fully resurrecting the "PolyGram" name in the process.<ref>{{cite magazine|url=https://www.billboard.com/articles/news/7686198/universal-music-group-umg-polygram-entertainment-story-of-motown|title=Universal Music Relaunching Polygram, Announces 'Story of Motown' as First Production|magazine=Billboard|access-date=17 February 2017}}</ref>