What if WarnerMedia acquired Metro-Goldwyn-Mayer?

As we all know, after Time Warner merged with Turner Broadcasting System in 1996, the company inherited most of the pre-1986 Metro-Goldwyn-Mayer library, including titles like The Wizard of Oz, Ben-Hur, Gone with the Wind, Singin' in the Rain, 2001: A Space Odyssey, Doctor Zhivago and Tom and Jerry, but excluding other titles like The Pink Panther, the James Bond and Rocky series, with those being kept by sister studio United Artists, with others like RoboCop, Hannibal and The Addams Family joining MGM's catalog after acquiring Orion Pictures, later creating new franchises such as Stargate and Legally Blonde. But considering some recent co-productions between the current MGM and Warner Bros., what if WarnerMedia takes the next step and acquires the company? Here's a potential scenario.

General

 * The acquisition would take place on February TBDth, 2016, when the company was still known as Time Warner.
 * To promote the merger, Time Warner created a promotional poster with Bugs Bunny and the Pink Panther shaking hands with "Aren't they some stinkers" as a subtitle.
 * The post-1986 MGM, post-1952 United Artists and post-1982 Orion Pictures catalogues would now be owned by WarnerMedia.
 * However, its pre-1986 catalog would still be owned by Warner Bros. through Turner Entertainment while Tom and Jerry, Droopy and other pre-1986 MGM cartoons would be owned by Warner Bros. Animation through Hanna-Barbera.
 * MGM would be integrated as a division of Warner Bros. Entertainment as Metro-Goldwyn-Mayer Filmed Entertainment, with United Artists and Orion Pictures serving as its sub-labels.
 * United Artists Releasing would likely not exist as future MGM releases would be distributed by Warner Bros. instead, although the brand would be kept for iconic franchises produced under that label such as the James Bond and Rocky film series.
 * MGM Home Entertainment would still exist, although now as a sub-label of Warner Bros. Home Entertainment.
 * A new logo would be developed, consisting of the Warner Bros. logo zooming out until it's revealed it's being reflected on Leo the Lion's eye and turning into the 2012 MGM logo as the Time Warner/WarnerMedia byline fades in at the end.
 * A Warner Bros. Animation/Metro-Goldwyn-Mayer Animation variant exists as well with Leo the Lion being animated on it.
 * The logo was updated in 2020 in order to feature the new Warner Bros. shield introduced in 2019 and again in 2021 to feature an updated photorealistic version of the 1998 logo alongside a CGI-recreated Leo the Lion and a new logo animation as well as a majestic fanfare to accompany the MGM logo.
 * Developing rights for future games based on MGM properties would now be owned by Warner Bros. Interactive Entertainment.
 * Epix would likely be closed down with its original programming and first-run rights for MGM movies moving to HBO/Cinemax, while the ones for Paramount and Lionsgate movies would move to Showtime/The Movie Channel/Flix and Starz/Starz Encore/MoviePlex, respectively.
 * Most of its content would be available on HBO Max.
 * This would allow DC Comics (also owned by WarnerMedia) to publish titles based on MGM franchises such as The Pink Panther, James Bond, Rocky, RoboCop, Stargate, Hannibal, The Addams Family and Spaceballs.
 * Several iconic MGM movies are brought back as new takes on such media.

Comics

 * TBD

Trivia

 * We believe that a possible acquisition would be good not just for Warner Bros., but also for MGM themselves as it would allow them to reunite with their pre-1986 catalog as well as revitalizing their historic brand under Warner Bros.' ownership and it's a less risky/near-monopolistic acquisition like it was the one of 20th Century Fox/Studios by Disney as it would involve the acquisition of a medium-sized studio by a larger one rather than the one of a large studio by an equally large one.