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The Wall Street Journal studies that movie studio MGM Holdings Inc. is placing itself up for sale after years of problem. MGM has had hassle promoting itself prior to now, reportedly as a result of its asking value was simply too excessive. The new pricing was chosen in an effort to collect extra curiosity from studios that will make a pleasant dwelling for MGM’s franchises.
Apple has beforehand held talks with MGM about buying the corporate to develop their tv and movie portfolios. Although these talks didn’t go anyplace, this new cheap price ticket would possibly make the corporate extra interesting. Apple appears to be fairly joyful with the primary full 12 months of Apple TV+ authentic programming, however they’ve proven a willingness so as to add present IP to the service.
Lots of firms are within the means of quickly constructing out new streaming providers, so there may be positive to be an excessive amount of curiosity in MGM. Any studio or service that chooses to amass the corporate will achieve a large collection of common franchises. Some of their greatest names embody: James Bond, The Handmaid’s Tale, Terminator, Stargate, The Pink Panther, and The Hobbit. The firm additionally owns the rights to iconic characters just like the Addams Family, Bill and Ted, Rocky, and Elle Woods from the Legally Blonde sequence.
Apple acquired Beats in 2014 for $three billion, and that acquisition has confirmed to be a serious success for the corporate. $5 billion for MGM’s huge portfolio truly appears fairly cheap. It would make a number of sense for Apple to amass MGM. With one sale they’d immediately achieve tons of traditional and new beloved franchises for Apple TV+.
Featured picture credit score: BEVERLY HILLS, CA – OCTOBER 28: General view of MGM Studios on October 28, 2020 in Beverly Hills, California. (Photo by AaronP/Bauer-Griffin/GC Images)
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