MCA Inc. (originally an initialism for Music Corporation of America) was an American media company founded in 1924. Initially starting in the music business, the company next became a dominant force in the film business, and later expanded into the television business. MCA published music, booked acts, ran a record company, represented film, television, and radio stars, and eventually produced and sold television programs to the three major television networks, but had an especially good relationship with NBC. In 1962, MCA entered a merger of equals with New York-based American Decca Records, with MCA as the surviving company. Decca at the time owned Coral Records and Brunswick Records, as well as an 89% controlling stake in Universal Studios. The long-awaited takeover of Universal Pictures by MCA, Inc. happened in mid-1962 as part of the MCA-Decca Records merger. The company reverted in name to Universal Pictures from Universal-International. In 1964, MCA formed Universal City Studios, Inc., merging the motion pictures and television arms of Universal Pictures Company and Revue Productions (officially renamed as Universal Television in 1966). Also in 1964 on July 15, MCA established the Studio Tour which provided guests a sneak peek behind-the-scenes glimpse at movie and television production at the backlot of Universal Studios. This established a footprint of what is known today as the Universal Studios Hollywood film studio and theme park. Over the next few decades, similar parks were built and expanded under MCA for Universal Orlando Resort in Orlando, Florida and Universal Studios Japan in Osaka, Japan. In November 1990, Japanese electronics manufacturer Matsushita Electric agreed to acquire MCA for US$6.59 billion. Matsushita provided a cash infusion, but the clash of cultures was too great to overcome, and five years later Matsushita sold an 80% stake in MCA/Universal to Canadian drinks distributor Seagram for $5.7 billion. On December 9, 1996, MCA was reincorporated and renamed as "Universal Studios".