Apple is reportedly in talks with MGM for a possible buy-out to strengthen the Apple TV+ service. The buyout speculation started in September 2019 when Apple eyeing MGM was raised by an analyst.
The buyout of MGM will be adding more than 4,000 films to Apple TV+. It will further secure 50% of the rights to the James Bond franchise that MGM presently holds, due to its takeover of United Artists in 1981.
This agreement will see Apple collaborating with Danjaq, along with the production company subsidiary EON Productions, on future James Bond films. It will also be giving them exclusive control of the James Bond film distribution.
Recently, MGM emerged from bankruptcy and partnered with Megan Ellison’s Annapurna for reviving United Artists Releasing as a joint distribution arm. On April 2, MGM has also collaborated with Universal to distribute the picture overseas.