As with other movie studios, MGM has been hit hard by the coronavirus pandemic. MGM postponed the release of the blockbuster Bond film No Time To Die four times. Covid-19 played a huge role in No Time To Die being on hold. Netflix held talks with MGM about acquiring No Time To Die for a streaming release, but the price the studio wanted was costly. Cinema release is expected for September 30, and October 8 both in the UK and the US respectively.
MGM has a vast library of movies and shows, including The Handmaid’s Tale, Fargo, and The Hobbit, and the Bond franchises. The studio’s biggest shareholder is Anchorage Capital. It set out to buy MGM’s debt in 2010 as part of a bankruptcy plan.
