LOS ANGELES, USA - The Hollywood studio MGM is up for sale with a price-tag of more than $5 billion (£3.7 billion).

The home of the James Bond and Rocky franchises has explored a sale several times in recent years, most recently in January, when talks were held with Netflix and Apple among others.

MGM owns a library of 4,000 film titles and 17,000 hours of TV programming, including Gone with the Wind and The Hobbit.