Still, Apple certainly could buy MGM. The deals could bring important live and on … While MGM Studios—which stakeholders believe could fetch up to $10 billion, per THR—could mark the most expensive acquisition in Apple’s tenure, the benefits outweigh the risks. Finally, Apple has over $200 billion in cash-on-hand. The Apple TV Remote, access bridge to the entire Apple TV + catalog. And the key selling point is the incredible MGM catalogue of titles – one of the largest in Hollywood – which is seeing a price of some $10bn banded around. It has never bought a company anywhere near the size of MGM and never paid anything like $10 billion. As well, the management team at MGM is likely very different from Apple’s. Is MGM a good fit for either Apple or Netflix? MGM has held talks with Apple and Netflix to gauge their interest in a sale, CNBC reports. It also has an extensive TV catalog spanning everything from serious drama, cartoons, and reality TV. It would make a lot of sense for Apple to acquire MGM. But as of right now, no bids have been tendered. - Dec. 23rd 2020 11:11 am PT. This is the James Bond franchise . There have reportedly been exploratory talks held with Netflix and Apple to gauge interest in purchasing the company. MGM has operated without a chief executive for two years since the ouster of CEO Gary Barber, who was previously pushing for a sale. MGM and Amazon declined to comment on reports about deal talks. MGM retains extensive production facilities and staff. Netflix and Apple aren’t the only ones racing. For example, it made both seasons of The Handmaid’s Tale appearing on Hulu and Get Shorty for Epix. It is possible to see Netflix buy MGM so who knows, even Apple can if they want, so it means MGM … MGM has long been positioning itself for a sale with numerous suitors, including Comcast, Sony and ViacomCBS being mentioned in recent years. MGM, the movie studio that owns the James Bond franchise, is supposedly up for sale — and The Wall Street Journal says some “big technology companies [are] logical buyers.” Apple … With one sale they’d instantly gain tons of classic and new beloved franchises for Apple TV+. If it goes for a lot—ten billion or more isn’t out of the question—I suspect smaller studios will follow suit and end up for sale. Amazon is reportedly in talks to acquire MGM, a move that could vastly expand the retail giant's entertainment footprint. Between late 2017 and early 2018, various rumors pointed to Apple's interest in taking over MGM, the company behind the 007 franchise. It makes movies and shows to release both under its brand and for others. Need more information? As a general entertainment service, everything from serious drama like Handmaid’s Tale to reality TV like Survivor will fit right into the service. Netflix and Apple engaged in some exploratory talks, but never made a formal offer or even drafted the kind of financial analysis that usually accompanies such a sale. Please email us at info@mgmemployeesale.com or give us a call at 702-489-7306 with any questions. Netflix and Apple aren’t the only ones racing. It’s being reported that MGM has been apparently chatting to both Netflix and Apple, over a possible sale. And Apple has already demonstrated a friendliness toward science fiction and fantasy. Lots of companies are in the process of rapidly building out new streaming services, so there is sure to be a great deal of interest in MGM. MGM, the Hollywood studio behind the James Bond and Rocky franchises, is up for sale with a price-tag of more than $5bn (£3.75bn). Judging by the awkward moment between Oprah and Tim Cook, Apple’s CEO, at the Apple TV+ launch, managing Hollywood movie moguls will not come naturally to Apple’s management. The issue of password sharing reared its head this week. Netflix 2020 market share decline in subscribers and video streams left it with positive growth in subscribers. On paper, I think Apple is the best fit given their needs and what MGM has, but it’s not often something as big as Bond hits the open market so that’s enough for everyone to at least have internal conversations and preliminary talks with the banks representing MGM. There is ... As we head into a slow year of streaming growth, could we see Netflix ads or content licensing to boost revenue? Apple was reportedly in talks to buy the studio in 2018, and also made an offer for 'No Time to Die I do think that Netflix or Apple could buy MGM but as for Apple, the government could slip the obvious requirement to require Apple to allow a third party payment, especially respond to dispute between Apple and Epic as MGM has a large library of movies including titles like Legally Blonde and Tomb Raider. The Wall Street Journal reports that film studio MGM Holdings Inc. is putting itself up for sale after years of difficulty. The talks quickly came to a halt when then-MGM CEO Gary Barber he was fired for sitting down to negotiate with Apple the sale of the company, valued at the time at $ 5.500 billion.. Parker Ortolani. Advanced sensors to track all your fitness and workout goals. Negotiations over a $6 billion deal with Apple collapsed after the board’s ouster of MGM’s CEO, Gary Barber, though MGM dismisses those reports as “rumor.” Something tells me though that they don’t want to go full in on another type of business right now and leave studio production to studios (see: Apple is #1 most valuable publicly traded company, fighting antitrust complaints, and now AppleTV+ somewhat on American Airlines ) UPDATE (21st December 2020) MGM is officially up for sale as the studio has hired Morgan Stanley and LionTree to serve as advisors in the process. Apple Watch SE, GPS has the same larger display size Retina display as Series 6, so you can see more at a glance. Over the last few years the studio has explored a few sales, with the latest round resulting in talks with Netflix and Apple amongst others. There were sensational claims of hundreds of millions in lost revenue due to it. MGM, for its part, declined comment on reports that it’s exploring a sale. Your email address will not be published. This is best to add legitimacy to a "we already MGM declined to comment to the WSJ, who reported that the current market valuation of the company is said to be "around $5.5 billion, based on privately traded shares and including debt." Apple can easily afford MGM, and the content would be a big boost for Apple TV+, but serious culture-clashes could doom the acquisition from the start. Apple would have to spend billions for the MGM deal or to get popular sports rights. MGM has tapped two investment banks and started a formal sale process, looking to generate heat from Hollywood studios, international conglomerates, private equity firms and … The studio also owns franchises such as 24 James Bond movies, and the Stargate movies and TV shows. This site uses Akismet to reduce spam. Apple could buy a content library of its own, and if it goes that route, MGM is one of the best options out there, with franchises like the James Bond movies and cult hit TV shows “Stargate” and “Mystery Science Theater 3000.” It’s gonna cost, though. It would likely have to borrow most of the money to do it. Apple also has another way to monetize the library more completely than Netflix. MGM has had trouble selling itself in the past, reportedly because its asking price was just too high. MGM has begun preliminary talks with giant media companies like Netflix and Apple, with designs of selling their content for acquisition. You will find: Copyright © 2013–2014 nScreenMedia. fuel up on exclusive content. MGM could certainly help both companies but would be a stretch for both. Carefully curating the extensive MGM library inside of Apple TV+ would instantly provide users with a good selection of movies and TV shows to watch while they await the next episode of For All Mankind or Oprah’s Book Club. MGM, the studio that's spent its 2020 trying to release James Bond's next adventure, No Time to Die, is up for sale. Once again MGM is putting itself up for sale, and it appears that it is asking for $5B. According to The Wall Street Journal:. Netflix would almost certainly need to continue to license titles across the various outlets MGM currently uses. MGM has held preliminary talks with Apple… With an estimated value of about $ 5.5 billion, this would be a purchase that Apple could be seriously considering. The MGM library and production expertise could help both Apple and Netflix. MGM is for sale and I am in conversation with Apple Apple has maintained conversations with MGM on acquiring the company to expand its television and film catalog. Save my name, email, and website in this browser for the next time I comment. Some of their biggest names include: James Bond, The Handmaid’s Tale, Terminator, Stargate, The Pink Panther, and The Hobbit. In other words, Netflix would be licensing content to competitors like Amazon, HBO, and many others. Don't be surprised if MGM gets bought by Chinese company, especially Tencent and that why I'm concerned about this issue due to their country's stance on freedom of speech. Anchorage, Highland Capital, Davidson Kempner Capital, and Owl Creek Investments each owned more than 10% of outstanding shares of common stock in MGM as of September. A little over a year later, then CEO Gary Barber was said to be secretly negotiating with Apple for a sale of MGM for $6b without the knowledge of the board. Oxley pointed to recent reports that MGM had talks to sell its upcoming Bond film “No Time to Die” to a streaming service, including Apple, Netflix and others, for a whopping $600 million. Film studio MGM, the powerhouse behind the James Bond Franchise that Apple reportedly tried to buy in 2018, might be back on the market. Late last year, we heard MGM was for sale, but at that point, it was undefined and expensive—the cost is $5.5 billion. MGM hired consultants and was sussing out buyers. An insider confirmed … Apple, Amazon, AT&T, Comcast, Disney and Netflix may be a new "Big 6" among global media companies. Check out 9to5Mac on YouTube for more Apple news: Apple TV is Apple's streaming device that accesses the Apple TV+ service ($4.99 per month), Netflix, Hulu, YouTube, Amazon Prime, and countless other entertainment apps. In 2018, MGM fired its then-chief executive, Hollywood veteran Gary Barber, for having early, unsanctioned conversations with Apple Inc. to sell the studio for more than $6 billion. Thanks for bringing that to my attention, Luke. MGM has held talks with Apple and Netflix to gauge their interest in a sale, CNBC reports. So apple, disney, hulu, etc won't see much of a return IMHO. Be sure to check out, MGM up for sale for $5B after ‘preliminary talks’ with Apple failed, Apple acquired Beats in 2014 for $3 billion. Really though, given how OLD most of the MGM library is I just don't see it having much of a draw for young subscribers. The new pricing was selected in … More. Though it is reported to already have 33 million subscribers to the service, most pay nothing for it. And powerful features to keep you healthy and safe. Could a sale to Apple be what finally gets Stargate back on the air? It can allow Apple TV users to rent or buy movies. It makes movies and shows to release both under its … Although those talks didn’t go anywhere, this new reasonable price tag might make the company more appealing. Metro-Goldwyn-Mayer studios have very large franchises. All Rights Reserved. Amazon is in talks to acquire MGM, the Hollywood studio behind the James Bond and Rocky franchises, in a $9bn (£6.3bn) deal. It comes amid reports that Metro-Goldwyn-Mayer (MGM) held talks with Apple TV and Netflix ( NFLX ) about selling the rights to the new film for their digital platforms. However, these are the two biggest customers. Apple offers a free year with the purchase of a new device. Your email address will not be published. MGM has had trouble selling itself in the past, reportedly because its asking price was just too high. The Hollywood studio behind James Bond has said that its latest instalment of the franchise ‘No Time To Die’ is “not for sale” to streaming giants. It also maintained its reputation as the place ... A report claims Disney+ could generate $1 billion a month in revenue by July. MGM Holdings is reportedly exploring a sale of its film studio. MGM up for sale for $5B after ‘preliminary talks’ with Apple failed. It comes amid reports that Metro-Goldwyn-Mayer (MGM) held talks with Apple TV and Netflix ( NFLX ) about selling the rights to the new film for their digital platforms. Netflix could instantly put the production and content to good use but will struggle to afford the studio. Is MGM really for sale, or is the studio just looking to boost its value at a time when disruption has roiled Hollywood? As a result, there is a chance that MGM studios will end up in one of them. While we generally don’t report on the ins-and-outs of the business world, recent news about MGM is certainly … From the library. Film chairman Michael De Luca has been beefing up its slate. For Apple TV, the Required fields are marked *. MGM production facilities and expertise would be a welcome addition to Netflix. The Wall Street Journal reports that film studio MGM Holdings Inc. is putting itself up for sale after years of difficulty. (Photo by AaronP/Bauer-Griffin/GC Images). Il Wall Street Journal reports that MGM Holdings Inc. film studio is back for sale after years of hardship. Parker Ortolani is a marketing strategist and product designer based in New York. The Hollywood studio behind James Bond has said that its latest instalment of the franchise ‘No Time To Die’ is “not for sale” to streaming giants. MGM Employee Sale is fundraiser exclusively for MGM employes to raise funds for the MGM Foundation. Colin, MGM no longer owns their film library prior to something like 1986. Apple seems to be quite happy with the first full year of Apple TV+ original programming, but they have shown a willingness to add existing IP to the service. The company is already borrowing extensively to finance the $17 billion it will spend on content this year. Redesigned MacBook Pro coming as soon as this summer, Bloomberg: Apple prepares revamped MacBook Air, These are Apple’s truly wireless Beats Studio Buds, You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Buying MGM might stretch Netflix too far, especially if there is a bidding war. MGM, the studio that's spent its 2020 trying to release James Bond's next adventure, No Time to Die, is up for sale. Netflix and Apple engaged in some exploratory talks, but never made a formal offer or even drafted the kind of financial analysis that usually accompanies such a sale. NETFLIX AND APPLE IN THE RACE FOR THE ACQUISITION OF MGM The stakes are very high. The company is committed to producing 95 movies in 2020, and a prestigious production company like MGM could help achieve that goal with high quality and production values. Featured photo credit: BEVERLY HILLS, CA – OCTOBER 28: General view of MGM Studios on October 28, 2020 in Beverly Hills, California. Who will win? Recovery in second half 2021, Netflix 2020 market share decline prelude to bigger 2H 2021 pull-back, Netflix remaining in the zeitgeist thanks to social media, CandW discuss Netflix ads, licensing, and password sharing, Disney+ won’t hit $1B a month until 2022 or beyond, nScreenNoise – A password shared is not a subscription lost, Links to deep analysis of market movements, Coverage of the important conferences and shows in our business, Interviews and podcasts discussing events of our time. Still, companies like Apple, Netflix, Comcast, Disney, Amazon, and even Warner Bros. have reason to buy. Most of the companies Apple has purchased have brought key technologies like Siri and Xnor.ai. The stretch for Apple is making the acquisition successful. MGM denies to this day that they were in talks, but Barber was fired. MGM would begin to solve the problem Apple has with its Apple TV+ service. However, it is an entirely different matter that interests buyers. MGM is for sale and its assets are going to be too valuable for it to go unsold. As well, the television library and production expertise should be a good fit for Netflix. Apple has been in early talks to possibly buy MGM Holdings and an equity stake in the Pac-12 Networks, The Wall Street Journal reported Thursday. I’ve updated the piece accordingly. It will not. Minority shareholders were furious and had wanted a deal. Either could benefit from MGM’s back catalog and recognizable IP, but Apple’s probably the more likely option here. Now it’s a game of chess. However, locking up MGM’s extensive library exclusively inside of Netflix would likely under-monetize the value of the catalog. To properly leverage the full value of the studio will require both Silicon Valley companies to do things neither has ever done before. 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