Could be. Assuming this rumor has any vestiges of truth to it anyway.
Even if it does though I wouldn't go looking for any new TV series. Or even any sort of live action series. Unless they were looking at rebooting and recasting.
I think it's more likely they'll just eek some more life out of some cheap game spin offs.
GateWorld » Is MGM about to revive Stargate SG-1?
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