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.]