The Wall Street Journal reports that film studio MGM Holdings Inc. Even after many years of hardship, he is preparing himself for sale. MGM has had trouble selling itself in the past because its asking price was too high. The new price was selected in an effort to garner more interest from studios that could create beautiful homes for MGM franchises.
Apple has previously discussed with MGM the acquisition of the company to expand its television and film portfolios. While these discussions have gone nowhere, this new reasonable price tag could make the company more attractive. Apple seems to be quite happy with the first full year of Apple TV + original programming, but they have expressed interest in adding existing IP to the services.
Plenty of companies are in the process of rapidly creating new streaming services, so there is sure to be a lot of interest in MGM. Any studio or service company that chooses to acquire will achieve a huge selection of popular franchises. Some of their biggest names include: James Bond, The Handmade Tale, Terminator, Stargate, The Pink Panther and The Hobbit. The company also owns the rights to iconic characters such as the Adams family, Bill and Ted, Rocky and Eli Woods in the legal blonde series.
Apple acquired BTS for ৩ 3 billion in 2014, and the acquisition proved to be a major success for the company. The 5 5 billion for MGM’s huge portfolio actually seems quite reasonable. This makes a lot of sense for Apple to achieve MPM. With one sale they will instantly acquire lots of classic and new favorite franchises for Apple TV +.
Featured Photo Credit: Beverly Hills, CA – October 26: Overview of MGM Studios on October 26, 2020 in Beverly Hills, California. (Photo by Aronpi / Bauer-Griffin / GC)
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