Lion's Tamer

Film studio MGM could hit the auction block within the next few weeks--thus its motion picture library could be picked up by another major studio says Variety.



With its reprieve from interest payments on its $4 billion debt set to expire at the end of the month, leaving the the Lion's only options as auction or bankruptcy.

The combined assets of the once major Hollywood studio could return as little as $1.5billion in the current economic climate.

Any auction that occurs calls approval from the majority of the bondholders who may prefer a pre-packaged bankruptcy offer.

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