Yawn: Would Somebody Buy a Movie Library Already?

Yawn: Would Somebody Buy a Movie Library Already?

Published: June 21, 2010 @ 8:06 pm
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By Sharon Waxman

Am I the only one who is starting to tire of this waiting game over who will buy what Hollywood studio, library, indie-arthouse-niche-division? 

I beg of Jeff Bewkes, or Rupert Murdoch, or even Kirk Kerkorian, to put all of us out of the misery of this waiting game.

Poor Harvey Weinstein. He hasn't slept in weeks. He cannot believe that David Bergstein, someone with a reputation even worse than his own, might buy his beloved Miramax out from under him.

So he waits and frets and checks every hour and a half whether Disney might have changed its mind.

Bergstein can be no calmer. He is trying like mad to make a new negotiating window stick. Trying to get the banks on board for his financial analysis. Trying to add up Miramax films and get $700 million.

That's tough. Now we're hearing that Spyglass is looking at buying MGM. Please, do it already!

Did Summit want it? Pass it up? Were the Gores brothers going to get involved? Just about anyone you might imagine was probably bidding at one time or another.

But it's honestly getting hard to care about this too terribly much. Hollywood is continuing to go through its painful contraction.

Most of us believe that in five years the landscape will be smaller; studios will merge, perhaps Columbia will be unlatched from Sony Corporation, perhaps Sumner Redstone will turn out to be mortal after all and Paramount will find another fate, perhaps Les Moonves will figure out that CBS Films wasn't such a hot idea after all.

But in the meantime, we wait. Thankfully it's a nice time of year for waiting.

Still, a journalist's plea: Will someone make some news already?

Tags: library, Lionsgate, Media, MGM, Movies, studios
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Sharon Waxman's take on life on the left coast, high culture, low culture and the business of entertainment and media.

Follow me on Twitter @sharonwaxman and follow TheWrap @thewrap!

Sharon is also the author of two books, Rebels on the Back Lot and Loot.

 

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