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MGM is not a subsidiary of Sony. Sony is a significant shareholder of MGM. The distribution rights of the MGM movies are given to Fox. However, Sony controls the Blu Ray releases. I assume that all MGM movies will eventually will be released on Blu Ray.
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Fox handles all aspects of the video releases. Only the stuff like Rocky Balboa and Casino Royale and the next one that were started and financed by Sony are under their label.