“10 years of tent poles have failed, and Warner Brothers is footing most of the bill. So if you don’t turn one movie into 4 we’ll kill your dog”
MGM has actually been so hard up that it’s been rumored for years that Apple and Amazon are fighting over buying them. It was actually reported that Amazon had in an attempt to consolidate the LOTR rights, but that seems to have been an April fools thing gone wide. I think the deal is MGM has like the TV rights, and part of the Hobbit.
More recently it’s rumored Netflix has an interest.
