Want to Own a Movie Studio? MGM’s For Sale
It’s kind of fun to speculate on what it’d be like to own a movie studio. I’m guessing you’d have to not be concerned about losing money.
Anyway, if you’ve got an extra $5.2 billion lying around, you could own MGM, which, according to Business Week, is what the current owners are hoping to net. The magazine reported Friday that the investment consortium currently controlling MGM had retained Goldman Sachs to solicit purchase offers.
More after the jump…
Many doubt the studio could fetch even $5 billion, reports The Hollywood Reporter. Sony has a 20% stake in MGM — investment banks and Comcast hold the balance of equity — and is considered a prime candidate to bid on the remaining interest in the Lion should a formal auction be launched.
Lionsgate is considered among other prospective suitors, as the studio has been bulking up its holdings over recent years.
What do you think? Shall we all go in together and make an offer?
Image: MGM
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POSTED IN: Distribution, Film Industry, Film Rumors
1 opinion for Want to Own a Movie Studio? MGM’s For Sale
Joey Fiero
Oct 19, 2008 at 1:25 am
I’m opening up my own studio, size of the L.A. studios but I won’t tell you where just yet!
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