Who could buy the film studio behind “Moonlight” and “Lady Bird”? ...Middle East

Economy by : (Quartz) -
The pending Amazon-MGM and WarnerMedia-Discovery deals have set off another round of speculation about media consolidation, as tech companies and Hollywood studios look to bolster their libraries with valuable intellectual property. But the latest potential deal is a lot different from the rest.A24, the award-winning independent film studio and distributor behind films like Moonlight, Lady Bird, and Hereditary, has recently explored a sale, according to Variety. The company’s asking price was reportedly as much as $3 billion—about a third of the amount Amazon paid to acquire MGM in May. A24—which is majority-owned David Fenkel and Daniel Katz, two of its founders—did not respond to a request

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