MGM Holdings is reportedly trying to start a bidding war and consider putting options, which means another studio may own the rights to several popular franchises, including James Bond and the Rocky Series. A new report from the Wall Street Journal shows that MGM “tapped investment banks Morgan Stanley and LionTree LLC” to begin the process of a formal sale. The studio reports a market value of around $ 5.5 billion. It’s a spicy meatball.
MGM has researched the idea of the sale in the past, but this time around the company is reportedly hoping to attract the attention of “international media companies, private equity investors, and blank check firms” rather than traditional Hollywood studios, which is what in the current circumstances, this leads to the decision. MGM hopes “a bidding war” will ensue “for content to fill a new wave of streaming video services,” with the move to digital publications that make their extensive library “an attractive target”.
MGM has an epic library of over 4,000 titles, many of which are very recognizable, and over 17,000 hours of television programming, including franchises like The Hobbitas well as popular TV shows like The story of the maid and Vikings. It is unknown which studios MGM and the rights to their various franchises are looking to acquire, but ultimately it could end up in a similar situation to the recent Disney and Fox merger, which has since seen several high profile projects, including such as extraterrestrialgo into production under a new roof.
Of course, MGM still has some big releases on the horizon, including the long-awaited bond outing No time to die. Directed by Cary Joji Fukunaga based on a script by Neal Purvis, Robert Wade, Fukunaga and Phoebe Waller-Bridge. No time to die takes on Blofeld five years after Ernst Stavro was captured, with James Bond now leaving active service. He is approached by Felix Leiter, his friend, and a CIA officer who uses his help in finding Valdo Obruchev, a missing scientist. When it turns out that Obruchev has been kidnapped, James Bond faces a threat the world has never seen before.
The film will show Daniel Craig’s final appearance as a legendary secret agent and was originally scheduled to be released in November 2019. After several delays No time to die The debut is currently planned for April 2, 2021.
MGM previously confirmed the development of a third film in the Naturally blond Series, a sequel to the 2018 video game adaptation Grave robbers with Alicia Vikander while the studio is shooting Mad Max: Anger Street Director George Miller’s new romantic fantasy film, Three thousand years of longing. The Jordan Peele produces Candy man Reboot that revived the horror symbol for a new generation, and the GI Joe Restart the movie Snake eyes with Henry Golding are also in preparation.
MGM has a complicated history and has been bankrupt in the past. While they managed to survive, it looks like current circumstances may put an end to the well-known studio. This comes to us with the kind permission of The Wall Street Journal.
Subjects: James Bond, Rocky
