MGM, which also houses the archives of President Trump’s “The Apprentice,” has been looking for a buyer, or an IPO.
LOS ANGELES — First Rambo and now 007?
MGM, the independent studio behind the James Bond franchise, is in “advanced talks” to sell the company to a Chinese buyer, a senior source said.
MGM, which also houses the archives of President Trump’s “The Apprentice,” has been looking for a buyer, or an IPO.
The firm is also a one-third owner — with Lionsgate and Paramount — of Epix, the premium movie and TV service.
The name of the China-based entity involved in the talks, perhaps newly formed to make the deal, could not immediately be learned. It is, however, the latest in a string of China investors looking for deals in Hollywood.
The film studio is owned by a slew of hedge funds including Kevin Ulrich’s Anchorage Capital Group and Highland Capital.
