MGM is for sale. And there are big implications for whoever takes over now. Late last year, we heard MGM was for sale, but at that point, it was undefined and expensive—the cost is $5.5 billion. MGM hired consultants and was sussing out buyers. But as of right now, no bids have been tendered. Still, companies like Apple, Netflix, Comcast, Disney, Amazon, and even Warner Bros. have reason to buy. When Disney acquired Fox, it changed the landscape of cinema. People have wondered about Fox's R-rated catalog, and Disney once again consolidated power, proving to be a studio that had so much money and so many franchises it has insulated itself from failure. Now, MGM and its deep catalog are up for sale. MGM has sold so many times in the past that a huge chunk of its stuff is now at Warner, but there are still premium titles. It owns 50% of Bond, the Epix streaming channel, and franchises like Rocky, Poltergeist, Carrie, Pink Panther, Legally Blonde, and Robocop. Read More...
Published By: NoFilmSchool - Tuesday, 9 February, 2021