MGM Up For Sale
November 11, 2009RamaNo CommentsMGM
Poor MGM, that Lion is so iconic and yet its roar is drowning in debt. We heard the studio was on the brink of bankruptcy and then the lenders gave MGM 3 months to restructure before it has to start paying again and now, forces from left and right are aiming to take bits and pieces and parts of the lion like it’s a yard sale
According to Variety, MGM will be auctioned off within the next few weeks. Some of the possible buyers and what they intend to buy are…
Time Warner might buy the MGM library which contains 4.000 titles
Another entity might acquire the logo
Sources speculated that billionaire Kirk Kerkorian, who has already bought and sold MGM twice, might buy the logo once again. You can read the rest OVER THERE
O MGM, what happened to you?! How I miss the good old days.
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