Report: MGM may go on sale (yet again)

MGM, the home studio for James Bond movies, may be put on the sales block yet again, Peter Bart of Variety writes.

An excerpt from Bart’s Nov. 11 story:

Several sources say they expect that MGM will essentially be auctioned off within the next few weeks.

This would mean that a major, such as Time Warner, could buy the MGM-UA library while another entity might acquire the logo, and yet another deal could be made for United Artists. Sources speculated that Kirk Kerkorian, who has already bought and sold MGM twice, might buy the logo once again.

All of this raises uncertainty for the future of the Bond franchise as our co-publisher Paul Baack wrote in a Sept. 30 commentary. Eon Productions may produce the films, but it relies on its studio partners for financing.