MGM – and co-ownership of the James Bond movie franchise – is said to be up for sale, in a deal that could be worth more than $5bn.
The ongoing financial problems that have blighted the MGM studio over the past decade or two clearly hasn’t been helped by the events of this year. Now comes the news that once again, the studio is potentially up for sale.
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MGM has one of the deepest catalogues of old movies of the Hollywood studios, and that’s the key appeal for those investigating a purchase. An asking price in the region of $5bn is being talked about, and if I had the cash I’d stump it up myself to get a half decent Blu-ray release of some of its titles.
That notwithstanding, it’s companies with streaming services that are said to be the most interested. The names of Apple and Warner Bros (which owns HBO Max of course) have been linked with an acquisition, although without question Apple is the one with the most cash in the bank.
Apple has already sniffed around a deal for the latest James Bond film No Time To Die of course, and one of the appeals of snapping up MGM would be co-ownership of the 007 franchise.
It’s still at the exploratory stage at the moment. But don’t be surprise if in 2021, the MGM lion has a new owner. Again.
Variety
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