Why Discovery Communications should own MGM

What if Discovery Communications bought the ENTIRETY of Metro-Goldwyn-Mayer Holdings?

Yes, today, I will go explain why Discovery Communications should buy MGM Holdings.

So, let's talk about Discovery Communications. Yes, they may be a major company, but not in the veins of Viacom, TimeWarner, Disney, Comcast, or Sony. I did not include CBS or Fox, because Fox is being sold to Disney sometime soon, and their may be a possibility for Verizon to buy Viacom and CBS, and re-merge the two companies back together.

Now, about Discovery Communications, they have been known for owning channels, such as these: And since they're buying Scripps Networks Interactive:
 * Discovery Channel
 * TLC
 * Animal Planet
 * Investigation Discovery
 * Oprah Winfrey Network (joint venture with Harpo Productions)
 * Velocity
 * Science
 * Discovery Family (joint venture with Hasbro)
 * American Heroes Channel
 * Destination America
 * Discovery Life
 * Discovery en Español
 * Discovery Familia
 * Cooking Channel
 * DIY Network
 * Food Network (70%)
 * Great American Country
 * HGTV
 * Travel Channel

I say they're not a major company in the veins of Comcast or Disney is because they don't own a major film studio. True, just because Discovery Communications is a major company doesn't mean they should own a major film studio, and I know that not all major companies own a film studio, but I would like to explain why. I know Discovery Communications finally announced plans to buy Scripps Networks Interactive, and for that, the Travel Channel IS returning to Discovery Communications, but still. I usually don't watch whatever is on Discovery Channel or TLC, since they contain reality shows now. Even Animal Planet has reality shows too??!! But I do get that they are pretty much a major company. I heard that Discovery Family used to be known as the Hub Network and Discovery Kids, which was actually true, but still.

I'm sorry if that's not a lot, but with that said, let's finally talk about MGM.

Now, MGM was known for its James Bond and Pink Panther movies, as well as its pre-May 1986 library that was sold to Turner Entertainment, which is now owned by Warner Bros. Yes, MGM was originally a member of the Motion Picture Association of America, until 1986 or 2005. I honestly don't understand why Sony bought 20% of MGM. Didn't Sony ALREADY have Sony Pictures? Why would Sony need to buy MGM, even 20% of it??!! Comcast, maybe, but Comcast left MGM to buy NBCUniversal, I think.

MGM Home Entertainment is still active, it's just that Fox is currently distributing MGM's Home Media releases, since 2006, after Sony Pictures' home media distribution deal for MGM was up. For those who are not sure what MGM Holdings is, it's a 25/25/25/25 joint venture between Highland Capital Management, Anchorage Capital Group, Third Point Management, and Solus Alternative Asset Management. And MGM's parent company somehow.

Now, it's time to answer the big question: Why SHOULD Discovery Communications buy Metro-Goldwyn-Mayer in its entirety? It's because of this: MGM went into bankruptcy. Now, I honestly don't know why MGM went into bankruptcy, but I supposed that may be the reason why MGM isn't distributing its movies completely anymore. Their last full distribution, from what I've heard was the 2010 movie Hot Tub Time Machine. I mean.... imagine this: Discovery Communications buying Metro-Goldwyn-Mayer in its entirety. That sounds like a great idea! I bet Discovery buying MGM would give MGM access to all of Discovery Networks' original programming, and lead to Discovery Communications also owning the rights to channels owned by MGM, such as Epix. I don't know if MGM would turn Discovery Family into MGM Family or Epix Family, but I'm sure that Discovery Communications would even change their name to "MGM/Discovery Communications" after buying 100% of MGM Holdings. Discovery Communications would still let MGM keep the rights to all of its currently owned properties, such as the Pink Panther.

Since Disney is buying Fox, that would reduce the big 6 in the MPAA into the big 5, unless....... Discovery Communications may have an opportunity to bring MGM back to the MPAA. I know that would change it back into the big 7 before Disney's acquisition of Fox is complete, but it'll still return to the big 6 after Disney's acquisition of Fox is complete. Not only that, but MGM would even own the rights to Scripps Networks Interactive after Discovery buys MGM. And I did imagine Disney buying Fox would spin-off New Fox. Well, what if Discovery buys New Fox in its entirety after they fully bought MGM Holdings? Yeah, MGM would rename New Fox assets into the MGM Broadcasting Network assets, once Discovery owns both MGM and New Fox in their entirety. Not only that, but soon, MGM/Discovery would consider renaming the Fox Broadcasting Company into the MGM Broadcasting Network in competition with NBC, CBS, and ABC. After Discovery's acquisition of MGM is complete, Disney would still finish their acquisition of Fox, and even before that, Verizon should consider buying National Amusements and transferring CBS Corporation and Viacom from National Amusements to Verizon, making the two companies re-merge back into one company.

Discovery Communications owning both MGM and New Fox entirely would bring MGM out of bankruptcy, and back to the Motion Picture Association of America. Since Disney is planning to buy 20th Century Fox, Fox should end their distribution deal with MGM on home media permanently, because MGM hasn't released anything on its own home media platform since 2005. Buying MGM would make Discovery truly go in competition with Comcast, Viacom, TimeWarner, Disney, and of course, Sony, in terms of film and television. And I hope Discovery Communications makes the decision to get MGM back on their feet, and become a major film studio once more.