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.
we're just not ready for that kind of technology