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MGM Taps Two Investment Banks To Explore Sale – Report

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deadline.com
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MGM has tapped two investment banks and started a formal sale process, looking to generate heat from Hollywood studios, international conglomerates, private equity firms and the growing multitude of SPACS, according to the Wall Street Journal citing people familiar with the matter.The private company has mulled a sale for several years but couldn’t seem to find a fit on price and it’s not clear if it will now.

The idea is that its library is of particular valued in an era of streaming video as a crowd of streaming platforms compete for content and viewers.

The studio behind James Bond also  boasts the Rocky franchise, Silence of the Lambs, The Terminator, The Handmaid’s Tale and Vikings.MGM declined to comment.SPACS, special purpose

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