The movie studio/ production company MGM Holdings is currently exploring sales options. Metro-Goldwyn-Mayer Media company is not exactly “doing badly”, but they know they won’t be able to compete in the current “streaming storm of a market”. They are looking at multiple investors currently but they are said to be looking for a streaming giant to come for them due to the amount of intellectual property they own.
MGM has multiple valuable media assets such as the James Bond franchise, Tomb Raider, G.I.Joe, Addams Family among others. There were rumors that Apple might be looking to buy the company but apparently Morgan Stanley and LionTree LLC have swooped in to start a formal sale process. According to multiple experts, even with privately traded shares and the debt, MGM Holdings Inc. is valued at USD 5.5 million. The company was actually priced at over USD 10 billion, but due to the pandemic, which delayed the release of the latest James Bond film – No Time To Die.
This isn’t the first time MGM Holdings have considered a sale, but usually most investors and investment companies have been put off by the price tag on the company. But this time, MGM is confident that even if the current Hollywood heavyweights are not interested in the sale (or the price), there will still be multiple international and domestic investors, private equity companies and/ or blank check companies willing to buy out the media conglomerate.
MGM is also talking with Apple for a possible sale – not about the company about buying the distribution and streaming rights of their upcoming film – No Time To Die. Apple is currently looking to lock down the 007 feature for a figure between USD 350 – USD 400 million.
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