Warner Bros may be out of the 007 hunt with MGM
31-Oct-2016 • No Time To Die
Last week, AT&T announced they were to acquire Time Warner for $85 billion - pending regulatory approval.
According to the telecoms giant, "Time Warner is a global leader in creating premium content, has the largest film/TV studio in world and an unrivaled library of entertainment. The future of video is mobile and the future of mobile is video."
The future of James Bond may have been affected by this news, too.
Warner Bros, a wholly owned subsidiary of Time Warner, has frequently been linked to a possible deal with MGM to co-finance the James Bond series since the deal with Sony expired with 'SPECTRE.'
Even if the regulators approve the takeover, Warner Bros' owner Time Warner is unlikely to find executing major deals possible until the end of 2017. Most acquisitions put a freeze on new deals that would significantly impact the P&L.
Meanwhile, there is still no news on who MGM is courting, although a Sony extension for 'business as usual' is now looking more likely.
