Good afternoon.
Last night, I called MGM CEO Mary Parent to inform her that Manka Bros. would not be bidding on MGM. Many have speculated that Manka Bros. would be the most likely suitor of MGM (which includes the 4,000 film library) but I have decided that it would no longer be a strategic fit for our company (though if the bidding falls below $1 billion, I may have to rethink things).
Manka Bros. is the world’s largest media company with the world’s largest film library and we simply don’t need to add 4,000 more titles to it. Manka Classic Movies, as it is, can only show about 3,500 movies a year (24×7 without commercials). At that rate, it would take us at least four years to show every film in our library (and we don’t want to show every film in our library as most of them are total crap).
There was a time when I wanted to own all the copyrights of the world. I think I may be changing my mind now that DVD is dead and pirates are stealing everything we produce.
So, sorry MGM, hopefully Time Warner or Fox will bail your asses out.
Khan Manka, Jr. – Chairman & CEO – Manka Bros. Studios – The World’s Largest Media Company
P.S. – I would like to offer Mary Parent a job if the new owners foolishly don’t keep her. She seems really on top of things.