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A sale of Metro-Goldwyn-Mayer, 007’s home studio, to a Chinese buyer isn’t happening, The Wall Street Journal reported.
“Talks broke down between MGM and several Chinese companies late last year, an apparent casualty of China’s move to stanch capital outflows that has stalled the country’s shopping spree in Hollywood, according to people familiar with the matter,” the Journal reported. 306 more words
Metro-Goldwyn-Mayer, home studio of the 007 film franchise, is in sales talks with a Chinese buyer, the New York Post reported.
“The name of the China-based entity involved in the talks, perhaps newly formed to make the deal, could not immediately be learned,” the Post’s Claire Atkinson wrote. 121 more words
For the James Bond film franchise, Metro-Goldwyn-Mayer is a millstone.
MGM is not big enough to compete with other major studios by itself. Since a 2010 bankruptcy, the home studio of 007 films has needed studio partners to distribute and market Bond movies. 428 more words