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PolyGram Video was the home entertainment arm of the Dutch-German media conglomerate PolyGram N.V. Headquartered in Baarn, a town near Hilversum (which is often cited as the Netherlands' media center), the company distributed a majority of the PolyGram Filmed Entertainment library, music videos related to labels owned or distributed by PolyGram, and libraries of other companies and brands. They also distributed BBC Video tapes in Australia until 1996, when distribution of the BBC library in that country was taken over by ABC Video (the Australian "ABC") through Roadshow Entertainment. PolyGram Video also distributed much of the library of Island World before it acquired the company in 1994, and distributed Palm Pictures releases during the first year of the latter's existence. On December 10, 1998, PolyGram was sold to Seagram & Sons (the former parent of Universal Studios, now part of NBCUniversal). The US division of PolyGram Video was sold to USA Networks, Inc. and renamed USA Home Entertainment. The European division of PolyGram Video was reorganized under the Universal Studios Home Video name.