Mgm Universal

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wdwfan65

Banned
Original Poster
As most of you may know by now MGM is trying to purchase Universal.I'm sure Disney is trying to remove MGMs name off all there signs .
 
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Blizz

New Member
Umm... I havnt heard this one.

Currentally Vivendi Universal is taking bids from the Blackstone Group in New York and i think the former CEO or something of Universal before Vivendi came in and a few others.

I am not sure where you got your info from, but I can tell you MGM is so "in the hole" they couldnt even afford to buy an ice cream cone, let alone a movie and theme park empire such as whats left of Vivendi Universal.
 
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Mikejakester

Active Member
Does anyone know why they are even taking bids for Universal? Why now? I mean, It's gaining potential and looks like it has a bright future on ahead.

Whats the reason they are considering selling it? does anyone know?
 
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Blizz

New Member
I am not totally sure of the reasons but I am sure the Sentineal has some articles on it.

I do know their first plans were to sell it off in parts (eg-Universal Music, Universal-MCA, Universal Theme Parks, etc...) I am nto sure if they are still planning on this but if they do think about it, if the movie and theme park divisions are sold off to rival companies, you wont see the link in themeing and attractions like you do now.
 
NowInc

NowInc

Well-Known Member
The MGM name being removed from the Disney Studios is completly unrelated to this..

Universal is up for sale..but MGM will never be able to afford it...so no bid will be made from them.
 
Pumbas Nakasak

Pumbas Nakasak

Heading for the great escape.
This news is a few days old but...


LONDON—Vivendi Universal has turned down a $11.5 billion (U.S.) bid proposal from MGM for its entertainment empire, rejecting a condition that the Hollywood studio get a closer look at its books, sources close to the auction said yesterday.

In a high-stakes game of corporate poker, Vivendi remains in negotiations with MGM but has told the studio famed for its roaring lion that it will not bend to a demand for more detailed financial information, the sources said.

Five bidders, including some of Hollywood's biggest names, are negotiating with Vivendi over the sale of its Universal film, television and theme park business and the world's second largest media group hopes to pick a winner in September, sources say.

Metro-Goldwyn-Mayer Inc. emerged as one of the highest bidders in the first round with a $11.2 billion all-cash offer but later proposed to sweeten that by $300 million to get access to more data, people familiar with the situation said on Monday.

MGM, home to films including The Wizard of Oz and Doctor Zhivago, had threatened to walk away from the auction unless its demand was met, but sources said MGM remained in the race and was still in talks with the French-American group despite the rebuff.

Both Vivendi and MGM declined to comment.

Vivendi, under pressure to get a good price for the Universal assets to cut towering debts, is determined to run the auction under its own terms. But one source familiar with the situation said the media group was aiming to provide all bidders with additional data later this week or early next week.

Attempting to stamp its authority on the process, Vivendi has also turned down a request from Liberty Media for exclusive talks, sources close to the auction said this week.

Of the five bidders — which also include General Electric Corp.'s NBC, Viacom Inc. and Edgar Bronfman Jr. — Liberty Media has been seen as an early favourite to win the auction.
Click to expand...
 
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Blizz

New Member
Well I dont think there will ever be an MGM-Universal. Hey there might be, but I dont think Vivendi is willing to give up Universal yet.
 
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Mikejakester

Active Member
Do you think there would be anychanges in the Universal Theme parks after it is sold?

I hope now, and if there are, I hope it's for the best.
IOA is one of my favorite parks.

:wave:
 
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Blizz

New Member
Originally posted by Mikejakester
Do you think there would be anychanges in the Universal Theme parks after it is sold?

I hope now, and if there are, I hope it's for the best.
IOA is one of my favorite parks.

:wave:
Click to expand...

I almost bet there will....

... look what happened last time a new person got power, they took out Hananna Barberra, Kongfrontation, and Alfred Hichcock!
 
AndyMagic

AndyMagic

Well-Known Member
Originally posted by Blizz
I almost bet there will....

... look what happened last time a new person got power, they took out Hananna Barberra, Kongfrontation, and Alfred Hichcock!
Click to expand...
What people must remember is that half of the Universal theme parks are owned by Blackstone. This combined with the fact that the theme parks are making plenty of money is the reason that all of this stuff going on with Vivendi is having little to no effect on the parks at all. If anything, Universal has been pumping more and more money into the parks recently despite the financial troubles if their current parent company.
 

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