Metro-Goldwyn-Mayer, Inc. executives are exploring taking the historic studio public, Deadline reports.
Though the studio that owns the Stargate franchise isn’t talking publicly about the move, it has reportedly included language in a press release stating that it has “submitted a draft registration statement on a confidential basis” to the SEC for “a possible initial public offering of its Class A common stock.”
The studio is presently owned by a collection of private shareholders, the largest of whom of is billionaire financier Carl Icahn. It emerged from bankruptcy restructuring at the end of 2010, and ended 2011 with a net income of $37.8 million, according to Deadline.
Its current film projects include The Hobbit (co-financed with New Line) and G.I. Joe: Retaliation (co-financed with Viacom/Paramount).
MGM also owns the James Bond franchise as well as Rocky, The Pink Panther, and a film library of more than 4,000 classic titles — one of the largest in the world. It has its own home entertainment distribution arm, as well as film-making units MGM Studios and United Artists.
(Thanks to Lyle for the tip)
and this means to ‘stargate’ what?…
To be honest, this doesn’t have any direct effect on Stargate. Still, since they’re out of bankruptcy maybe they’ll contemplate starting Stargate back up again.
We can all buy stock in MGM and demand as shareholders the return of Stargate!
If MGM was smart, they would bring the TV SG writers on board for an SG movie, and sell shares for that SG production. The market is there, and the movie would be a hit. Dean Devlin is taking way to long to get his SG “the original movie” part II off the ground, and the public would be more receptive to a movie on the TV Story line. Just sayin’… However, at the end of the day, they (MGM) probably will not go public after all. At this point, these current actions could simply be to calm their backers,… Read more »
Well it just means their somewhat more likely to consider new Stargate material with new capital to spend on it. I think if they do (without being a reboot), which is a long shot, they’ll wait a couple of years when Nielsen has online and dvr being considered. With Amanda Tappings’ success, I think one avenue they could take is a series revolving around the George Hammond. I know that the Earth ships in SG have mostly acted as support roles and not exploration, but there’s obviously decades of success with starship shows like Star Trek. It could work. Probably… Read more »
i will invest if they bring back stargate
Im not sure if anyone wants anything sci-fi on tv and movies cost too much
Even if Stargate did come back, it wouldn’t be with the Stargate TV cast we loved on SG1, SGA or SGU. It would be a reboot. New actors. Period. :(
@buddyglenn Well.. SGU who I liked very much had new cast.. I don’t see the problem.. I don’t expect SG1 or SGA to continue.. those shows are done, SGU is discontinued..(Arguably the wraith are still running around in the Pegasus galaxy, but I just don’t see how to defeat them, the ancients fought them for over 100’s of years, it would be highly unrealistic if we all of the sudden pulled a deus ex out of our asses and wiped them out completely..)
Would you really be happy with a movie? I mean think about it…Would you rather watch season 10 of SG1 or the Ark of truth? If I remember correctly It’s roughly the same cost. And a Season of Stargate has much more Rewatchability (Is that even a word?) Don’t you think? I mean ANY stargate at this point is better then no stargate, but…. As far as bringing back SGU and the actors….. Well they all went it Stasis right? And I could see the actors that they couldn’t get back having there characters stasis pod’s fail. And they said… Read more »
@morganrone93 Have you read any of the legacy series of Atlantis? There’s two books left to go, and it’s getting pretty good. I can kind of see where it’s going. I don’t want to give anything away, but I don’t think exterminating the Wraith is what’s going to happen. :)
@BT I have been looking everywhere for books in the local shops.. Just can’t seem to find any, Stargate related books, yes, I know I could just order from the net, but, I hasn’t become that compelled yet :)
Completely exterminating the wraith just wont happen, just too fleshed out as a never ending vermin..
Where is that edit button!
Not a big fan of SGU. Althought SG1 and SGA had to be the best scifi shows I have ever watched. MGM should really invest more in both these shows regardless of who else invests. There is loads of content still awaiting SGA/SG1/SGU and hundred of thousands of us love the the casts of both SG1 & SGA and even SGU.
@Morgan, I didn’t have any trouble finding the first book at my local B&N. But I actually kind of had a hard time with it, and I figured out that I just don’t like the paper book format. I started reading the Kindle version on my smartphone, then bought a 10″ tablet, and I sped through the rest of the first book and all the other released books in a few days. I don’t know if this is something you have considered or not. The new Nexus 7 is a great buy at $200 (a lot better than a Kindle).… Read more »