As a quick primer, MGM is said to have been put up on the market since December last year; a decision that supposedly came to be after it was recently announced that AT&T would merge its WarnerMedia with Discovery. In order to better compete against streaming services like Disney+ and Netflix. MGM is the owner of several popular film franchises, including James Bond, Robocop, Stargate, And Vikings, to name a few. On top of that, the studio also has a vast catalogue of thousands of films and nearly 20000 hours of TV shows.
(Source: Variety, The Information, The Verge)
