MGM – on its last roar
Leo, the famous MGM lion, roared his last some time ago and now Rests in Peace in Gillette, New Jersey.
Or not.
But wherever he is, he’s long gone. And now it looks as though the studio, in the hole to the tune of $3.7 billion, may itself may be on its way.
Now, among those “mentioned as potential candidates to buy MGM”, says BusinessWeek, are Warner Brothers, Fox and (appropriatey 
) Lions Gate.
The studios are “said to be primarily interested in getting their hands on MGM’s 4,000-title film library, the Bond franchise and MGM’s rights (along with Warner) to make the Lord of the Rings prequel The Hobbit”.
Other potentially interested buyers could be former News Corp. president Peter Chernin and one-time Yahoo CEO Terry Semel, a former Warner Brothers studio chairman, the story adds.
(Cheers, Andrew aka Comeoncomcast )
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