Some of those movies include: Rain Man, Dances with Wolves, The Silence of the Lambs, Robocop, the Rocky film franchise, the Creed film franchise, and the Legally Blonde film franchise to name a few.
Advertisement
I am not surprised Netflix did not put in a bid for MGM. With the debt they are currently holding for original content creation for this year and next year, where would Netflix get an additional $9 billion? Only one place I can think of – their subscribers. With the most recent monthly price increase in mind, that wasn’t happening. Disney is not as cash rich as it used to be with their parks and movie theater revenue crippled because of the pandemic. Plus the majority of MGM’s content, if acquired, would only be viewable on Hulu. Because of the aforementioned factors, Disney not placing a bid for MGM makes perfect sense. WarnerMedia is in the process of being sold off by AT&T. I don’t get the logic of that move but with AT&T’s debt, lowering their dividend, and the state of flux over there, AT&T was in no position (nor did they want to be) to buy MGM. AT&T is in the slow process of clearing their debt, hence the WarnerMedia sale. AT&T didn’t want to add to their debt (repeating multiple mistakes from their past) with another fruitless acquisition. Apple is the enigma in this. Acquiring MGM would have made Apple TV+ a significant player in the streaming war theater. Instead, Apple TV+ will remain relegated to the back of the pack where it currently resides. Apple has the cash on hand. Why didn’t they put a bid in, a sizable one, for MGM?
