MGM Set to Land on Chopping Block

Source: Variety

After struggling through years of financial woes, it should come as no surprise that MGM is going to be auctioned off in the next couple of weeks. Whether one of the major studios scoops it up or an independent investor steps in, the winning bidder will ultimately take hold of the studio's library of 4,000 titles.

MGM recently failed to capitalize on the recent demand for musicals with Fame, which has grossed a paltry $22.3 million domestically. 2010 does look promising for the studio with Hot Tub Time Machine being touted as a potential comedic sleeper hit and The Zookeeper with Kevin James.