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Lions Gate Would Buy MGM … For Right Price

Executive: “It’s all about price.”

So, tell us something we don’t know. In other words, what media company wouldn’t be interested in buying MGM — whose 4,000-title movie library includes valuable rights to the James Bond franchise and J.R.R. Tolkien’s classic "The Hobbit" — at a bargain-basement discount?

When asked at an investment conference in New York whether Lions Gate Entertainment would be interested in buying the beleaguered MGM, vice chairman Michael Burns said it would — but only if the price is right.

"It’s all about price," Bloomberg quoted Burns telling investors, adding, "We’ll know sooner rather than later" what it’s going for.

Read more from the Los Angeles Times.