While other major Hollywood studios are grinding to a halt, MGM is making showy moves. Film chairman Michael De Luca, who was installed in January, is taking this time to attempt to reshape the company not just as a library of IP — think the James Bond and Creed franchises — but one that has a future with original material.
In March and early April alone, he has hired executives and closed several splashy deals as some rivals appear to be in pause mode.
The Hollywood Reporter has learned that MGM is acquiring Ridley Scott’s Gucci— a true crime drama about the murder of fashion trailblazer Maurizio Gucci — and is in negotiations for Lady Gaga to star.