Also Read | Dark underbelly of India Inc’s shop floorsMGM’s biggest shareholder, New York hedge fund Anchorage Capital Group, has come under pressure in recent years from weak performance and defecting clients, and its illiquid investment in MGM has become a larger percentage of its hedge fund as it shrinks.MGM’s exploration of a possible sale comes amid a bidding war for content to fill a new wave of streaming-video services.
MGM’s library of titles could make it an attractive target, its investors say.The film studio has produced or distributed movies and TV shows including the “Rocky" franchise, “The Handmaid’s Tale" and “Vikings." It has struck deals to license movies from its library, including “Silence of the Lambs," “Dances with.