Okay, I’m new to the forums as I was a cartoon fan, but I’m confused. Personally, there are so many news going on lately about MGM’s financial troubles and their creditors’ decision to cancel/delay the studio’s potential movies. It would’ve been great news to see Time Warner/Warner Bros. acquire MGM, considering that they already own the studio’s pre-1986 library through Turner Entertainment, and that their New Line Cinema was co-producing Peter Jackson’s anticipated “The Hobbit” film series with MGM. In addition to that, WB owns the pre-1982 Orion Pictures library and tries to purchase MGM in 2004. Also, WB has distributed MGM/UA’s home video releases throughout the 1990s, even though Fox distributes them nowadays. Plus, Christopher Nolan (of Batman fame) wanted to make a James Bond movie. So as long as WB purchases MGM, it would have made the combined libraries of said studios the largest film library in the world, with all of the Warner Bros., MGM, United Artists, Orion, RKO, PolyGram, Cannon, Samuel Goldwyn, New Line, Hanna-Barbera, Lorimar, Rankin-Bass, Castle Rock, Saul Zaentz, etc. catalogs combined. But sadly, the top contenders for MGM now are Lionsgate, Spyglass and Summit (the latter known for the horrible Twilight series) which has got to be the worst thing ever. I’m sure Warner Bros. would step in and restructure MGM which would be the biggest win-win situation, but their $1.5 billion buyout offer will remain on the table, even though the creditors hated that bid, viewing it as "too low." I was pretty excited back in March when I saw that WB had outbid Lionsgate and Access to buy MGM/UA for $1.5 billion. I mean, reuniting the MGM name with the studio’s pre-1986 library acquired by Ted Turner would make life less confusing for movie fans. So anyway, I'm now surprised MGM wasn't sold to Warners. Why doesn't this happen?