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MGM up for auction?

11.11.2009

Things really are tough all over, even in Hollywood.

While some some studios continue to push mad stacks at single projects ($250m for 2012, half a billion for AVATAR), other companies have been writhing and bleeding like they've been gutshot.

MGM is the latest to feel the economic sting -- while the 85-year-old studio has been troubled for some time, the word now is that its catalog and famous roaring mascot will be up for bidding in the very near future.

Time Warner is reportedly the most likely candidate, which raises the question of the Bond franchise's future home (CASINO ROYALE and QUANTUM OF SOLACE were partnered with Sony), as well as the existing slate of movies like the RED DAWN remake and the recently delayed Joss Whedon horror movie CABIN IN THE WOODS.

Extra Tidbit: The Latin phrase "Ars Gratia Artis" surrounding mascot Leo the Lion means "Art for art's sake."
Source: Variety

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2:46AM on 11/14/2009
Rather Warners get them than Fox. Besides having MGM now completes their already owned library. The question is will they do anything with it?
Rather Warners get them than Fox. Besides having MGM now completes their already owned library. The question is will they do anything with it?
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3:01AM on 11/13/2009

Such a shame.

It pains me to see such a historical movie studio being picked apart by less prestigious ones. Makes me wish that VALKYRIE and the FAME remake could have been bigger hits.
It pains me to see such a historical movie studio being picked apart by less prestigious ones. Makes me wish that VALKYRIE and the FAME remake could have been bigger hits.
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3:33AM on 11/12/2009
They should've made ROBOCOP!
They should've made ROBOCOP!
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1:26AM on 11/12/2009
i say again like the last time this was brought up... HOW THE HELL IS FOX SURVIVING?! at least paramount puts out higher quality movies.
i say again like the last time this was brought up... HOW THE HELL IS FOX SURVIVING?! at least paramount puts out higher quality movies.
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12:35AM on 11/12/2009
Joss Whedon should put in a bid for $10,000. Lol.
Joss Whedon should put in a bid for $10,000. Lol.
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12:10AM on 11/12/2009
Always loved MGM. They made some fantastic movies and I hate to see them suffering like this.
Always loved MGM. They made some fantastic movies and I hate to see them suffering like this.
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