Thursday, November 12, 2009

MGM Is Not A Studio, It's A Commodity

What's the last MGM movie you saw lately? Of course you didn't. They don't make movies. They buy and sell movies they've already made.

Several sources say they expect that MGM will essentially be auctioned off within the next few weeks.

This would mean that a major, such as Time Warner, could buy the MGM-UA library while another entity might acquire the logo, and yet another deal could be made for United Artists. Sources speculated that Kirk Kerkorian, who has already bought and sold MGM twice, might buy the logo once again.
Uh oh, maybe I spoke too soon! Later, in the same article:

MGM's released only a remake of "Fame" this year. For 2010, it's opening two comedies -- "Hot Tub Time Machine" in March and "The Zookeeper" in October -- and a remake of "Red Dawn" in November.
I am so lining up for Hot Tub Time Machine. Or can you "line up" at

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