“Die can wait”….
but a change of shareholders seems in a hurry for the venerable Hollywood studio MGM.
Affected like all cinema majors by the closing of theaters in the United States and Europe, the studio had to resolve to postpone the release of its blockbuster, the last James Bond,
No Time to Die
, to April 2021. This film was to be the hit of the year 2020 for MGM.
According to the
Wall Street Journal
, the shareholders of MGM Holdings, including the investment fund Anchorage Capital, have decided to entrust investment banks Morgan Stanley and Lion Tree with the task of finding a buyer.
The amount shareholders are claiming would be $ 5.5 billion, including debt.
The MGM has been on sale for a few months, but the high selling price and the Covid crisis would have put off potential buyers.
Far from its past splendor, the Metro Goldwyn Mayer, co-founded by the famous Samuel Goldwyn and Louis B. Mayer, is today too small in a world
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