MGM update: one bidder drops out

Lions Gate Entertainment Corp., which makes the “Saw” horror film series, has dropped out of the bidding for Metro-Goldwyn-Mayer Inc., according to Bloomberg.com.

MGM controls half of the James Bond franchise, and thus MGM’s fate will determine how quickly, or even if, there will be a Bond 23. According to the Bloomberg story, Time Warner remains one of the potential new owners.

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