The legendary Hollywood studio Metro-Goldwyn-Meyer is looking for a buyer. According to Wall Street Journal, relayed by Le Figaro, the sale price would be set at 5.5 billion euros. An amount that would include the 2.3 billion debts. To do this, MGM would have commissioned two banks.
Even if the studio has a beautiful catalog, including Rocky, The Hobbit, Handmaid’s Tale or Tomb Raider, it is hard hit by the closing of cinemas. MGM notably produces the saga James Bond, which could serve as a lead product but which continues to be postponed due to the pandemic of Covid-19.
Apple, Amazon or Facebook interested?
Among the potential buyers, the streaming platforms could be interested, indicate our colleagues. MGM would have tried to sell the film to them To die can wait, last November. The 25the James Bond had finally not found a buyer, especially because of its price, estimated at $ 600 million.
The Hollywood studio founded in 1924 is today majority owned by the private investment fund Anchorage Capital. Its CEO, who has been trying to step down for several months, has reportedly cited Apple, Amazon, Facebook or Comcast as potential buyers of the MGM.
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