MGM

Sources tell Variety that Amazon has been in talks for weeks and may be prepared to pay $9 billion for MGM. An article in Variety reports that Amazon is close to sealing a deal to buy Metro Goldwyn Mayer for $9 billion from a consortium of hedge funds lead by Anchorage Capital Group. The future […]

Forbes reports MGM has held exploratory talks with Amazon about a sale but hopes of $10 billion price tag are fading. A few days before Christmas we reported that MGM had begun the process of actively seeking a buyer after recruiting advisors Morgan Stanley and LionTree LLC. It came after the studio’s biggest shareholder, New […]

Studio has recruited advisors with value now pegged at $5.5 billion. Back in mid-October we reported that MGM’s largest shareholder, New York hedge fund Anchorage Capital Group, was under pressure to put the studio up for sale. That came following the decision to postpone the release of No Time to Die for a second time […]

Apple’s offer for the latest Bond film fell well short of MGM’s expectations. Last week we saw reports that MGM had engaged in talks with Apple and Netflix for a deal that would see No Time to Die premiere as a premium video on demand release. Soon after though it was rumoured the talks had […]

The latest developments in the long running saga of No Time to Die suggest MGM is looking to cash in on the streaming rights. Until recently it was believed that MGM was under pressure to find a buyer to capitalise on the delay in releasing No Time to Die. The film has had a troubled […]

The delay to 2021 has helped put the focus back on finding MGM a buyer. The recent six month delay to No Time to Die may make MGM a more attractive investment, according to the Wall Street Journal. MGM’s largest shareholder is New York hedge fund Anchorage Capital Group, while the studio is Anchorage’s largest […]

Eon Productions, MGM, Universal and United Artists launch competition with cash prizes. As James Bond returns for his 25th adventure, Eon Productions and partners MGM, Universal Pictures International and United Artists Releasing have announced a competition to design a Bond poster. They would like young creators to design a unique poster inspired by the Daniel […]

Last week the Twitter account of this website was one of several to receive notification that video had been removed because of a complaint by MGM. Last Thursday Twitter notified several who had uploaded video footage shot in Matera that they had removed them from the platform at the request of MGM. No Time to […]

Annapurna has hired law firm to explore bankruptcy protection says Hollywood Reporter. One of the recurring features of 007 in the 21st century have been the recurring problems with MGM. Skyfall was delayed due to the studio’s financial problems and going through chapter 11 bankruptcy protection. Bond 25 was delayed initially because MGM has no […]

The Hollywood Reporter says MGM is levering 007 as the studio may be up for sale. MGM may be up for sale following the surprise ousting of CEO Gary Barber last month. According to The Hollywood Reporter, both domestic and international distribution remain up for grabs as Metro-Goldwyn-Mayer tries to find a buyer. Previously it had […]