MGM library up for sale

Hades · 12-11-2009, 5:57 PM

Quote:

MGM According to Variety, MGM is expected to essentially be auctioned off within the next few weeks. Its library would be acquired by a major studio; another party would buy the roaring lion logo; and yet another would buy the United Artists film studio. MGM's financial problems have been in the spotlight since the summer, and as of September was said to be teetering on bankruptcy.

One candidate mentioned for purchase of the MGM library is Time Warner, which already controls its classic catalog through a 1996 merger with Turner Broadcasting System, which had purchased MGM's catalog in 1986.

HugoFJH · 12-11-2009, 6:42 PM

Sony have some rights already dont they (they are releasing the new Bonds for example)?

simonblue · 13-11-2009, 1:18 AM

How much do they want for it