Legendary film studio Metro-Goldwyn-Mayer is exploring a joint venture with another studio in addition to a possible initial public stock offering, sources told The Post.
“They may do a joint venture with another film entity,” said one source. “They’ve been looking for ways to boost the product line.”
MGM filed a draft registration statement yesterday for an IPO just 18 months after emerging from bankruptcy protection.
MGM has two big movies later this year that would boost interest among investors, including “The Hobbit,” which is being released with Time Warner on Dec. 14, and the next James Bond installment, “Skyfall,” on Nov. 9.
The studio has assets beyond its movie production core. Those include part ownership in Viacom’s premium movie service, Epix, and a global TV-channel operation, MGM Channel. It also has a classic movie library of 4,000 titles.
MGM declined comment.
