MGM Studios For Sale!

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This does not bode well for all the Stargate Fans who have been eagerly waiting for the next round of Stargate movies direct to DVD…

If you need more proof that the new “Stargate SG-1″ DVD is never going to get made, here it is: MGM Studios is seeking a buyer. The cash-strapped studio got permission from lenders to skip interest payments on loans through January as it seeks a merger or acquisition, possibly with Fox/News Corp., Time Warner, or Viacom. Rumors about a private equity fund also cropped up, but most reports have it that Lionsgate will come out ahead of a possibly bidding war. The New York Times values MGM at between $1.5 and $3 billion, down from the $5 billion that Comcast, Sony, and venture capitalists spent taking MGM private in 2004.

TBS’s new “The Very Funny Show” will debut November 19 at midnight, featuring stand-up comics talking about life on tour. The show will follow “Lopez Tonight.”

The CW is developing a medical school drama called “HMS.” Word is that Hayden Panettiere will executive produce it.

That’s it today. A worthless Browns/Ravens game is on “Monday Night Football” tonight. Enjoy.

 

Source:

John Guilfoil is the editor-in-chief of Blast: Boston’s Online Magazine. He can be reached at guilfoil.j@blastmagazine.com

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One Response to “MGM Studios For Sale!”

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