Apple and Netflix are in talks with the film company Metro-Goldwyn-Mayer about its acquisition, CNBC reports citing its sources. The transaction value may be about $ 10 billion – this is the amount that is estimated at one of the most important Hollywood companies in its time.
MGM was already in a quandary: in 2010, hedge funds saved her from bankruptcy. Then the plan worked: the company survived and in ten years more or less stood up. However, now, in the era of streaming services, it is difficult for her to stay afloat – and the owners of the company are considering selling.
According to CNBC, interest in MGM showed Netflix and Apple. The Cupertin corporation launched the streaming service Apple TV + in November last year and needs new pictures with big names. And MGM owns the rights to James Bond tapes, a consistently popular franchise.
Netflix, Apple, and MGM have not commented on CNBC trade deal information.