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Metro-Goldwyn-Mayer possible IPO
Brisbane, Queensland
9948 posts
MGM, the Hollywood company that owns the franchise rights to James Bond, Rocky, Stargate, The Hobbit, Robocop, GI Joe, Pink Panther, and a library of about 4000 classic films, has hired JPMorgan and Goldman Sachs to possibly handle taking the company public.

An IPO may help raise more money to make films. MGM filed for bankruptcy in 2010 after spurning a takeover bid from Lions Gate Entertainment Corp. (LGF) and activist investor Carl Icahn, and emerged less than two months later.

You may have noticed MGM has had to pull funding out of various projects over the last few years, and currently all their pending films are being released by other companies like Sony and Time-Warner.

No doubt they are sitting on quite a lot of valuable intellectual property that they can't afford to do anything with until they get more capital.

02:30pm 27/07/12 Permalink
02:30pm 27/07/12 Permalink
AGN Admin
Brisbane, Queensland
36372 posts
If only there was some way for them to make their massive back-catalogue available to billions of people around the world easily and efficiently, and then use that to generate revenue somehow.
02:37pm 27/07/12 Permalink
13012 posts
we're just not ready for that kind of technology
03:02pm 27/07/12 Permalink
Brisbane, Queensland
9693 posts
Technology is The Devil.
03:04pm 27/07/12 Permalink
03:04pm 27/07/12 Permalink
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