Hollywood studio MGM puts itself up for sale at $5bn
MGM, the Hollywood studio behind the James Bond and Rocky franchises, is up for sale with a price-tag of more than $5bn (£3.75bn).The studio has explored selling several times over the last few years, most recently in January when preliminary talks were held with Netflix and Apple among others, but price proved to be a stumbling block.However, the streaming wars continue to fuel huge inflation in the prices willing to be paid for must-have content, and proven global franchises are becoming increasingly scarce and as a result rocketing in value.
Sauce and more: https://www.theguardian.com/business/2020/dec/22/hollywood-giant-mgm-puts-itself-up-for-sale-at-5bn
Anyone wanna chip in?
MGM, the Hollywood studio behind the James Bond and Rocky franchises, is up for sale with a price-tag of more than $5bn (£3.75bn).The studio has explored selling several times over the last few years, most recently in January when preliminary talks were held with Netflix and Apple among others, but price proved to be a stumbling block.However, the streaming wars continue to fuel huge inflation in the prices willing to be paid for must-have content, and proven global franchises are becoming increasingly scarce and as a result rocketing in value.
Sauce and more: https://www.theguardian.com/business/2020/dec/22/hollywood-giant-mgm-puts-itself-up-for-sale-at-5bn
Anyone wanna chip in?
