MGM holds preliminary talks to sell properties

The studio has sought potentially interested companies in purchasing their assets which contain one of the biggest franchises in film history.

The film studio MGM (Metro Goldwyn Mayer) has sat down with interested buyers for their film assets which includes the James Bond catalog.

The two biggest interested parties are Apple and Netflix. The outcome of either one would lead to an interesting future for franchises like Bond where any subsequent instalments in the franchise could lead to streaming-only content.

Apple’s new streaming service launched with very little hype, at least in comparison to its recent competitor in Disney+, but adding something like James Bond to it could draw some subscribers, especially if any future movies, or series, are kept exclusively to Apple TV+.

Should either of these companies move ahead with the acquisition, it will also lend to a shift to the ‘big six’ of media companies, which include; Disney, Netflix, Amazon, Comcast, AT&T and Apple.

Aside from Bond, one of the other large properties coming with an MGM acquisition includes The Handmaid’s Tale which has been a popular show on Hulu for the past couple of years.

No finalized buys have been singled out.

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