The Wall Street Journal reports that movie studio MGM Holdings Inc. is placing itself up on the market after years of problem. MGM has had bother promoting itself previously, reportedly as a result of its asking value was simply too excessive. The brand new pricing was chosen in an effort to assemble extra curiosity from studios which will make a pleasant residence for MGM’s franchises.
Apple has previously held talks with MGM about buying the corporate to develop their tv and movie portfolios. Though these talks didn’t go wherever, this new cheap price ticket may make the corporate extra interesting. Apple appears to be fairly proud of the primary full yr of Apple TV+ unique programming, however they’ve proven a willingness so as to add present IP to the service.
A lot of firms are within the means of quickly constructing out new streaming companies, so there may be positive to be quite a lot of curiosity in MGM. Any studio or service that chooses to amass the corporate will acquire a large choice of standard franchises. A few of their greatest names embody: James Bond, The Handmaid’s Story, Terminator, Stargate, The Pink Panther, and The Hobbit. The corporate additionally owns the rights to iconic characters just like the Addams Household, Invoice and Ted, Rocky, and Elle Woods from the Legally Blonde collection.
Apple acquired Beats in 2014 for $3 billion, and that acquisition has confirmed to be a significant success for the corporate. $5 billion for MGM’s large portfolio truly appears fairly cheap. It will make loads of sense for Apple to amass MGM. With one sale they’d immediately acquire tons of traditional and new beloved franchises for Apple TV+.
Featured photograph credit score: BEVERLY HILLS, CA – OCTOBER 28: Common view of MGM Studios on October 28, 2020 in Beverly Hills, California. (Photograph by AaronP/Bauer-Griffin/GC Photographs)
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