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the the Wall Street newspaper MGM Holdings Inc. is going up for sale after years of difficulty, reports. MGM has struggled to sell in the past, apparently because its asking price was just too high. The new pricing was chosen in an effort to generate more interest from studios which could be a nice home for MGM franchises.
Apple has previously held talks with MGM about acquiring the company to expand its TV and movie portfolios. While these discussions came to naught, this new reasonable price could make the company more attractive. Apple seems pretty happy with the first full year of original Apple TV + programming, but they’ve shown a willingness to add an existing IP address to the service.
There are a lot of companies that are quickly building new streaming services, so there will certainly be a lot of interest in MGM. Any studio or department that chooses to acquire the business will get a massive selection of popular franchises. Some of their biggest names include: James Bond, The Handmaid’s Tale, Terminator, Stargate, The Pink Panther, and The Hobbit. The company also owns the rights to iconic characters such as the Addams Family, Bill and Ted, Rocky and Elle Woods from the Legally Blonde series.
Apple acquired Beats in 2014 for $ 3 billion, and this acquisition has proven to be a major success for the company. $ 5 billion for MGM’s massive portfolio actually seems quite reasonable. It would make a lot of sense for Apple to acquire MGM. With just one sale, they would instantly win tons of beloved classic and new franchises for Apple TV +.
Featured Photo Credit: BEVERLY HILLS, CA – OCTOBER 28: General view of MGM Studios on October 28, 2020 in Beverly Hills, California. (Photo by AaronP / Bauer-Griffin / GC Images)
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