MGM Files for Bankruptcy

Wow, I never expected MGM to be in such deep water.  Sony swooped in to purchase MGM a few years ago, thus amassing a huge catalog of titles from Hollywood.  After all of its acquisitions, Sony has acquired the deepest, broadest catalog of movie titles anywhere in Hollywood.  To see MGM in bankruptcy likely means that its assets may not make it out alive, or be placed in a fire sale to lower bidders.  Big companies in Hollywood tend to protect their franchises pretty well.  Sure, there are tons of Tom & Jerry lunchboxes and Transformers movie tie-ins (like crappy video games), but I somehow trust a company like MGM to protect it better than a party that acquires the franchises in a fire sale.