Now on Netflix; MGM (and Stargate) May Go Back On The Selling Block
https://www.gateworld.net/news/2020/12/report-mgm-stargate-may-go-back-selling-block/
Metro-Goldwyn-Mayer has taken the first step in a formal sale process, The Wall Street Journal and Variety are reporting today. The historic Hollywood studio has enlisted two investment banks, Morgan Stanley and LionTree LLC, to advise the company as it explores a potential sale.
In addition to the Stargate franchise, MGM owns some 4,000 titles and 17,000 hours of film and television content. That includes the James Bond, Rocky, and The Hobbit film franchises; the Pink Panther; Legally Blonde; RoboCop; and more.
Among all of MGM’s dormant holdings, Stargate would seem to be the most ripe for new productions. Add to recognizability and fan demand the fact that the original co-creator of Stargate SG-1, Stargate Atlantis, and SGU has a fourth series in development with MGM. Brad Wright is on board to create a new series right now, satiating fans’ desire for more stories set in the established universe.