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MGM For Sale!
Filed under: Business Blitz
MGM is up for grabs, people!
Within the next few weeks, MGM's film library and their famous logo are likely to be for sale. The library contains 4,000 titles!
Time Warner is expected to bid on the library, but it's believed that Kirk Kekorian, who has bought and sold MGM twice, will buy the logo again. Pre-packaged bankruptcy is also a viable option for the company.
MGM only released that shiteous Fame remake this year!
No wonder the company isn't doing well!
[Image via AP Images.]
Posted: November 12, 2009 at 11:59 am
Their Library is worthless. Turner and Time Warner own the best titles. A buyer would also be purchasing MGM's debt, which is considerable.
mgm is bankrupt because of city center.. do your research
Is it just me or is there soemthing wrong with the lion in the logo? he looks more like that bear from jungle book.
I have about 2k in my banking account…can I buy it with that?
Re: furiousfelinefuries –
Considering the state of the company, I wouldn't be surprised if you could.
Does TOM CRUISE have a significant monetary stake in MGM?
Since all you do is take other people's stories, was wondering if you actually understood the term, "pre-packaged bankruptcy." [pause] Yeah, didn't think so.
Shame, they made some pretty good musicals back in its heyday
Hey Perez, since you know so much about show-biz issues, why don't you explain to all of us what 'pre-packaged bankruptcy' is, in detail? Thanks.
I guess they didn't work out too well for Sony.