MGM Held Talks With Apple and Netflix to Gauge Interest in Acquisition

MGM held preliminary talks with Apple, Netflix, and other large media companies to gauge their interest in a possible acquisition, reports CNBC.

The report confirms another report from The Wall Street Journal last month that suggested Apple was exploring deals for MGM Holdings content, though the talks had "yet to reach an advanced stage."


A deal with MGM would potentially offer Apple a huge catalog of content to add to Apple TV Plus. MGM owns the James Bond franchise and is responsible for multiple hit TV shows like "The Handmaid's Tale," which currently airs on Hulu. It also owns Epix and the rights to movies like "Rocky" and "Mad Max."

There's no word on when and if MGM and Apple might reach some kind of deal, and all companies declined to comment on the ongoing talks.

Right now, Apple is behind other streaming media services. Apple TV+ features a handful of original Apple shows, like "The Morning Show," "For All Mankind," "Servant," and "See." Some of the shows have been nominated for awards and have proven popular, but Apple has a long way to go to be able to compete with the larger catalogs available from Netflix, Hulu, and Disney+.

Top Rated Comments

(View all)
Avatar
9 months ago
I hope who ever buys it relaunches the Stargate franchise.
Score: 14 Votes (Like | Disagree)
Avatar
9 months ago


You think Apple can afford Disney? Doubtful. It’d be nice to see Apple get some back catalog. That’s what they are missing. Nothing to do after originals are done.

Disney market cap is only 245 billion? Apple would only need half. They could theoretically do it with cash, no?
Score: 12 Votes (Like | Disagree)
Avatar
9 months ago


Just buy disney already and call it a day..all this ***** footing around is getting old.

This is getting old. By this I mean that old "Apple should just buy..." adage. Some think of Apple's shrunken and steadily shrinking cash hoard as if it's disposable income like an individual would have. It is not. Using [USER=118078]@cmaier[/USER] estimation of Disney's market cap at $245B and his guestimate of half of that would get the job done, his question was Apple could do it with cash. That answer is no. Apple has been spending that money on stock repurchases (smarter use of funds than buying Disney imo). As of late summer 2019 Alphabet had more cash than Apple.

Continuing to play with the cash idea, a hypothetical Disney acquisition would be more than 40X larger than the largest acquisition Apple has ever done (Beats at $3B). Bad idea imo. Disney comes with astronomical annual overhead. Most of their revenue comes from their media networks, not studio entertainment. Disney is a hydra that Apple should avoid imo. Apple's better play is to buy what they consider to be wheat (content) and stay away from the chaff that is business interests that don't align with theirs. A lot of Disney does not align with Apple.
Score: 10 Votes (Like | Disagree)
Avatar
9 months ago
If this happens we could see Brad Wright revive Stargate.
Score: 9 Votes (Like | Disagree)
Avatar
9 months ago
Seems like that would be a big win for Apple, if this comes to pass, given the rich heritage of MGM movies.
Score: 8 Votes (Like | Disagree)
Avatar
9 months ago
Just buy disney already and call it a day..all this ***** footing around is getting old.
Score: 8 Votes (Like | Disagree)

Top Stories

Here's How You Can Download iOS 14 and iPadOS 14 Around the World [It's Out]

Wednesday September 16, 2020 2:36 am PDT by
Apple's official public release of iOS 14 and iPadOS 14 dropped on Wednesday, September 16, just a day after the company released the Golden Master to third-party developers. Also set to be made available to the general public for the first time are watchOS 7 and tvOS 14. Getting Started With iOS 14 Video Click image to watch iOS 14 Getting Started While that's left a lot of developers...

When Will the iPhone 12 Launch? Here's What We Know

Wednesday September 16, 2020 6:12 am PDT by
Yesterday's "Time Flies" Apple event saw the release of the Apple Watch Series 6, Apple Watch SE, iPad 8, and iPad Air 4, but no new iPhone models. Rumors before the event strongly alleged that it would not see the unveiling of new iPhones, with many reports pointing to an October launch. The lack of new iPhone models yesterday seems to confirm that the iPhone 12 lineup will not appear...

Apple Releases iOS 14 and iPadOS 14 With Home Screen Redesign, App Library, Compact UI, Translate App, Scribble Support, App Clips, and More

Wednesday September 16, 2020 12:48 pm PDT by
Apple has released iOS 14 and iPadOS 14, the newest operating system updates designed for the iPhone and iPad. As with all of Apple's software updates, iOS 14 and iPadOS 14 can be downloaded for free. iOS 14 is available on the iPhone 6s and later, while iPadOS 14 is available on the iPad Air 2 and later. The updates are available on all eligible devices over-the-air in the Settings app. To ...

Apple Updates AirPods 2 and AirPods Pro Firmware to Version 3A283

Monday September 14, 2020 11:24 am PDT by
Apple today released new 3A283 firmware updates for the second-generation AirPods and the AirPods Pro. The second-generation AirPods are being updated from the 2D15 firmware they were previously running, while the AirPods Pros are being updated from the 2D27 firmware they had installed previously. Apple does not provide details on what's included in refreshed firmware so we don't know what's ...

Spotify Says Apple One Bundle Will Cause 'Irreparable Harm to Developer Community'

Tuesday September 15, 2020 12:26 pm PDT by
Apple today announced Apple One, a series of new subscription bundles that provide access to various Apple services at a combined monthly price. In response, Spotify sent out statements (via Peter Kafka) to the press decrying Apple's anti-competitive behavior and calling on "competition authorities" to stop Apple before it is able to cause "irreparable harm" to developers.Once again, Apple...

iOS 14, iPadOS 14, watchOS 7, and tvOS 14 Will Be Released September 16

Tuesday September 15, 2020 11:06 am PDT by
Apple today announced that iOS 14, iPadOS 14, watchOS 7, and tvOS 14 will be officially released on Wednesday, September 16. Apple has seeded the final Golden Master beta versions of each update to developers in advance. ‌iOS 14‌ and iPadOS 14 introduce dozens of new features, including a redesigned Home Screen that supports widgets on the iPhone and iPad for the first time. For more...

New AirPods Pro Firmware Introduces Spatial Audio Support and Automatic Switching

Monday September 14, 2020 12:22 pm PDT by
The new 3A283 firmware that Apple released for the AirPods Pro today appears to introduce support for Spatial Audio, a new feature coming to the higher-end AirPods with iOS 14. Multiple reports on Twitter and the MacRumors forums indicate that the firmware update adds a "Spatial Audio" option to the Control Center, which can be activated to enable the feature. Note that using Spatial Audio...

Apple Releases Safari 14 for Mac Ahead of macOS Big Sur Launch

Wednesday September 16, 2020 1:40 pm PDT by
macOS Big Sur didn't launch alongside iOS 14, iPadOS 14, tvOS 14, and watchOS 7 today, with the update coming later this fall, but Apple did release the Safari 14 update for macOS Catalina and macOS Mojave users. Safari 14 brings improved performance, customizable start pages, a Privacy Report to see which cross-site trackers are being blocked, and a new tab bar design that provides tab...

Full Transcript of Apple's 'Time Flies' Event With Apple Watch and iPad Updates

Tuesday September 15, 2020 8:46 am PDT by
Apple's virtual "Time Flies" event kicks off today at 10:00 a.m. Pacific Time, with Apple expected to debut new Apple Watch and iPad models, but it appears we may not see the iPhone 12 until next month. While we're not expecting to see new iPhones today, Apple's software updates for its various platforms are likely nearly ready for launch, so we may be hearing more about them today. Check...

Everything Apple Announced at Today's iPad and Apple Watch Event in Just Seven Minutes

Tuesday September 15, 2020 2:19 pm PDT by
Apple today held its annual September event, but this year was a bit different because no new iPhones were announced. The "Time Flies" event focused on the Apple Watch Series 6 and the iPad Air, and saw the debut of a new Apple One services bundle. Subscribe to the MacRumors YouTube channel for more videos. It took Apple an hour to introduce the new devices, but we've recapped the event in...