Music Corporation of America
Matsushita bought American media company MCA Inc. for US$6.6 billion. In 1995, it sold 80% of MCA's shares to Canadian drink company Seagram. MCA was renamed Universal Studios Inc. in 1996, after which its motion picture business has changed hands continuously, Vivendi, General Electric and Comcast in order, while the music division has become Universal Music Group, acquired and wholly owned by Vivendi up until 2019.