The market value is about $5.5 billion. Why did MGM seek to sell?

Presumably, many people know that because of the COVID-19 epidemic, these cinemas didn't open for business for half a year, so many film companies had finished filming by the end of the year, but they couldn't supply them for half a year, which led to the failure of their good fund withdrawal plan. But I never imagined that MGM Pictures had already begun to seek for sale, hoping that someone could take over their company, and everyone was talking about it. Next, I will analyze the ins and outs of the whole incident from my perspective.

Why did MGM suddenly sell its film and television company?

In fact, the reason is very simple. According to foreign media reports, MGM sold its parent company this time mainly because its capital chain was affected, so it cooperated with some banks and hoped to sell its company in a short time in exchange for a large amount of cash flow.

How to treat the sale of MGM?

This incident tells us that no matter how old an enterprise is, there is nothing you can do under the background of the great era. As an established enterprise, you just lost your company. The company can be said to be strong, but in fact, it is precisely because of this that many films they invested have huge consumption, so the capital chain has always been a problem, and besides film companies, Michael people have also set foot in other industries. Therefore, in this storm, although they have done enough,

MGM's reaction.

I don't think any company for sale will be too happy. In an interview with reporters, MGM said she had nothing to say now. Refused to interview all news media, so up to now, we don't know what attitude MGM is now. However, from his financial statements, we can see that at present, MGM 40 is about $5.5 billion, while its long-term debt is $2.3 billion, which is close to half of the company's market value.