MGM up for auction? | Movie News

MGM up for auction?
Comments: 6
terometer
33%
Strike Back below!
by: Dave Davis Nov. 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.

Source: Variety

Add to MFC Profile

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

6 discussions Expand all
Show Oldest First  |  Newest First  |  Most Popular
 
+0
Vote Up Vote Down
DookieMercury
2:46AM on 11/14/2009 Add as a friend | MFC profile
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?
 
+0
Vote Up Vote Down
Jack The Narrator
3:01AM on 11/13/2009 Add as a friend | MFC profile
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.
 
+0
Vote Up Vote Down
machinelovers
3:33AM on 11/12/2009 Add as a friend | MFC profile
They should've made ROBOCOP!
They should've made ROBOCOP!
 
+7
Vote Up Vote Down
Ocelot_Snake
1:26AM on 11/12/2009 Add as a friend | MFC profile
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.
 
+5
Vote Up Vote Down
Rubberboy
12:35AM on 11/12/2009 Add as a friend | MFC profile
Joss Whedon should put in a bid for $10,000. Lol.
Joss Whedon should put in a bid for $10,000. Lol.
 
+5
Vote Up Vote Down
The Bodyguard
12:10AM on 11/12/2009 Add as a friend | MFC profile
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.
JoBlo Movie Show | Movie Games | Stanley Kubrick Tribute | Chat Room | JoBlo Comic Strip | Contests | Links | Advertise on this Site | JoBlo in the Media | JoBlo.com Newsletter
Site Credits | Privacy Policy | Contact Us | Site Map
© 1998 - present JoBlo Media Inc., All Rights Reserved Hello | JoBlo® is a trademark of JoBlo Media Inc. All movie titles, pictures, etc... are registered trademarks and/or copyrights of their respective holders
Dedicated hosting provided by the good folks at NEXCESS.NET Web Hosting
Website Design & Development by Face3 Media
Search Engine Optimization powered by Higher Education Marketing