Anxious to expand the company's broadcast and cable presence, longtime MCA head Lew Wasserman sought a rich partner. He located Japanese electronics manufacturer Matsushita Electric (now known as Panasonic), which agreed to acquire MCA for $6.6 billion in 1990. Meanwhile, around this time, the production subsidiary was renamed Universal Studios Inc., and (in 1990) MCA created MCA/Universal Home Video Inc. for the VHS video cassette (later DVD) sales industry. COUNT 5
QSN1 Who was the head of MCA in 1990? ANS1 Lew Wasserman QSN2 What is the current name of the company that was called Matsushita Electric in 1990? ANS2 Panasonic QSN3 How much did Matsushita Electric pay for MCA? ANS3 $6.6 billion QSN4 In what year was MCA/Universal Home Video Inc. created? ANS4 1990 QSN5 What was the nationality of Matsushita Electric? ANS5 Japanese