MGM Headed For The Auction Block

Thursday, November 12 by

The iconic MGM Lion may end up with a new home. Variety reports that the troubled film company is trying to relieve it’s burdensome $3.7 billion dollar debt. It’s likely that the company will go to auction. Meaning that majors could buy up the various assets part and parcel.  One deal could be made for the famous logo another the massive 4,000 film library and another for United Artists. I’m certainly no business expert but I think a wise move would be to release a bothersome honeybee into the auction room. Once those execs start swatting at it, the bids will just climb and climb. $$$$ (Variety)

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