28 Jan MGM leads 2020 media acquisition targets [CNBC]
By Alex Sherman
January 26, 2020 | Two major shifts in the past year have made scale — the concept of being as big as possible — more important than ever for media companies. The first is the transition from linear cable TV to streaming services, which are expensive to build out and run and require premium content to stand out. The second is major consolidation.
MGM, in particular, seems like a logical candidate to sell this year. MGM has held preliminary talks with a number of companies, including Apple and Netflix, to gauge their interest in an acquisition, two of the people said. MGM owns the James Bond catalog and its studio has made several current hit shows including “The Handmaid’s Tale,” which streams on Hulu, and “Live PD,” which airs on A&E.
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