Originally posted on Variety:
Edgar M. Bronfman Sr., the billionaire businessman who led Seagram Co. at the time of its acquisition of Universal Studios parent MCA, died Saturday. He was 84.
The Canadian-born Bronfman died at his New York home surrounded by family, according to the family charity he led, the Samuel Bronfman Foundation.
Bronfman made his fortune with his family’s Seagram’s liquor empire, taking over as chairman and CEO in 1971 and continuing the work of his father, Samuel. Under Bronfman’s leadership, Seagram expanded its offerings, acquiring MCA from Japanese conglom Matsushita in 1995 for $5.7 billion. But the studio had a tumultuous run under the leadership of Bronfman’s son, Edgar Bronfman Jr., and was eventually acquired by French media and telecom group Vivendi Universal in 2000.