Movie studio behind 'James Bond' franchise explores sale: source

Reuters

Posted at Dec 22 2020 09:44 AM

Movie studio behind 'James Bond' franchise explores sale: source 1
Actor Daniel Craig poses for photographers on the red carpet at the German premiere of the new James Bond 007 film "Spectre" in Berlin, Germany, October 28, 2015. Reuters/file

MANILA - US movie studio MGM Holdings is exploring a sale, a person familiar with the matter told Reuters on Monday.

The movie studio behind the "James Bond" franchise has tapped investment banks Morgan Stanley and LionTree LLC and started a formal sale process, the source said, asking not to be identified.

The company has a market value of around $5.5 billion, based on privately traded shares and including debt, the source added. 

MGM Holdings said it had no comment.