Apple 's online video content platform Apple TV Plus was launched on November 1. Although TV Plus soon brought multiple awards to Apple, the company continues to work to tackle key competitors like Netflix. Apple's newest move in this direction may be an ambitious purchase.
Netflix is also said to be among the companies that are interested in MGM. It is not yet known whether there is a conversation between MGM and Netflix. Even if the parties have started the meeting, it is unlikely that much progress will be made in the talks.
Being a prestigious brand and its extensive film catalog makes it clear that MGM is entering the radar of both Apple and Netflix. The James Bond and Rocky films stand out as the rarest part of MGM's catalog. One of the most popular series, The Handmaid's Tale, is also among the productions of MGM.
No explanation has been received from Apple and Netflix for now.
It is stated that the current market value of MGM is around 10 billion. Apple had previously paid $ 3 billion for Beats . This shows that a possible agreement with MGM can be a record for Apple.
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