24 Jun 2010

Because 2 Lions Are Better Then 1 - Lions Gate In A Possible Merge With MGM

It is rather intriguing to think that from the demise on one old lion (MGM) we may actually end up with 2. Lions Gate Entertainment is to held merger talks with MGM according to Bloomerang.com . The Los Angeles Times reported Lions Gate’s renewed interest in MGM yesterday however very few details are known as this stage as talks and negotiations are continuing in private as requested by all those involved. MGM is up for sale and struggling to find a buyer ready to pick up the bill for the studio $3.7 billion debt. Lions Gate Entertainment has been interested in the debt-stricken Studios for sometimes but as they are also in a takeover bid, were unable to start merger talks with MGM until now. So talks between the '2 Lions' are hopefully to begin very soon and this could mean (finally) some good news for The Hobbit.