The Covid Pandemic has prompted forced changes onto numerous industries, including film & television. Information released by inside sources indicates that MGM has begun selling its collection of assets, including its largescale library of film content. This means James Bond has become available for purchase. However, the information isn’t being praised by industry elite & prominent reviewers. MGM selling their assets is the first indication of largescale studios shutting down become of Covid-19. MGM Studios began operations in 1924, with a collection of legendary production houses consolidating themselves into one firm. Reports being accurate indicates that bankruptcy isn’t far behind for MGM Studios.
MGM Studios has developed all James Bond renditions, working alongside EON Productions since the franchise started decades ago. The final Bond film created by MGM Studios will release next year, with whoever buys this franchise likely to ascertain its profits. Concerns mentioned online suggest that whoever believes the franchise rights for James Bond could reshoot “No Time To Die”, the final movie hosting Daniel Craig as the iconic character. This franchise isn’t the exclusive one for sale, with MGM Studios maintaining an array of properties for film & television. Those include:
- The Pink Panther
- The Hobbit Trilogy
- The Handmaid’s Tale
- Stargate SG-1
- G.I. Joe
This isn’t the first time that MGM Studios has faced near bankruptcy, with the corporate entity facing hardships in 2009. Surpassing difficulties like Covid-19s destructive force on the film industry is unlikely for MGM Studios. Reports indicate that MGM Studios’ self-valued pricing is listed at $5.5 Billion, with whoever making that purchase having full access to the historic film library held by MGM & all property franchise rights. Inside sources suggest MGM Studios is negotiating with streaming services to earn their desired price tag.
MGM Studios being sold will mark the first largescale production house that’s been terminated because of Covid-19. Unless cinemas reopen worldwide before Christmas 2021, other production houses holding popularity amongst consumers will be forced to shut down.