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.
MGM acquired United Artists in 1981, giving it a half stake in the Bond franchise. UA had earlier purchased the holdings of Harry Saltzman, co-founder of Eon Productions and its parent firm, Danjaq.
The studio emerged from bankruptcy in 2010 as a smaller company. It doesn’t have a distribution operation and negotiates deals with other studios to release its films. The last four Bond movies have been released by Sony Pictures.
MGM’s most recent two-picture contract with Sony expired with 2015’s SPECTRE. Studio chief Gary Barber said in March 2016 there was “no rush” to negotiate a new Bond distribution accord with Sony or another studio.
In 2016, MGM said it intended to sell stock to the public in three to five years.