Kevin Ulrich city Anchorage film show MGM Kevin Ulrich city Anchorage

MGM Is Exploring a Sale of Its Studio

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variety.com

Ellise Shafer administratorMGM Holdings Inc. is exploring a sale, according to a source close to the situation.The studio believes its library of content — which includes co-ownership of the James Bond franchise — would be desirable to companies looking to expand their streaming sectors.MGM has recruited Morgan Stanley and LionTree LLC to advise on the process of a formal sale, according to the Wall Street Journal,.

LionTree has worked with MGM in the past. Based on privately traded shares, the company has a market value of $5.5 billion, including debt.MGM’s current top shareholder is the hedge fund Anchorage Capital, which is led by former Goldman Sachs executive Kevin Ulrich.

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