firstshowing.net - 9/25/2009
—
Back in 1924, Metro Pictures, Goldwyn Pictures Corporation and Louis B. Mayer Pictures merged together to form Metro-Goldwyn-Mayer , or MGM , with the motto, " Ars Gratia Artis ", a Latin phrase meaning " Art for art's sake ." Over the last 85 years, the studio has become one of the most ...
deadline.com - 9/25/2009
—
deadline.com —
I've collected several knowledgeable accounts of what happened
during yesterday's multi-hour contentious MGM conference call with bondholders...
who were "very loud and very upset". Here's why: The call was for the benefit of the lenders, and MGM ...
(more)
EXCLUSIVE DETAILS: MGM Makes Phone Plea To Bondholders ...
hollywoodreporter.com - 10/2/2009
—
hollywoodreporter.com —
MGM has secured support from key lenders to
allow the studio enough cash to proceed with its...
participation in "The Hobbit." A recent proposal by MGM's new CEO Steve Cooper to defer interest payments on its debt load for the next three months on ...
(more)
'Hobbit' stays with MGM
hollywoodreporter.com - 10/2/2009
—
hollywoodreporter.com —
MGM has secured support from key lenders to
allow the studio enough cash to proceed with its...
participation in "The Hobbit." A recent proposal by MGM's new CEO Steve Cooper to defer interest payments on its debt load for the next three months on ...
(more)
'Hobbit' stays with MGM
Comments
Blog Reactions
MGM On The Edge of Bankruptcy
Screen Rant —
... possible bankruptcy? Let us know in the comments below.
Part 1 of The Hobbit has been set for a while to hit theaters in December, 2011, with Part 2 set to follow a year later in December, 2012.
A production and release date has yet to be set for Bond 23.
Hopefully there will be no delays as a result of this MGM situation, and those dates will remain.
Sources: Nikki Finke (DeadlineHollywood), FirstShowing and /Film
You Might Also Be Interested ...
Hobbit, James Bond and CineVegas Hurt Financially. Today in Film Bloggery 09/25/09
SpoutBlog —
... going be OK, right? RIGHT?
Kyle Buchanan at Movieline is worried about another future MGM release:
the studio is desperate for some quick money so it won’t lose the rights to guaranteed cash cows like The Hobbit and the James Bond franchise. Who cares about those — we’re worried about Hot Tub Time Machine!
Alex Billington at FirstShowing seems to believe MGM is barely worth saving:
To be honest, MGM hasn’t ...
Related Content
MGM Studios “Teetering On Bankruptcy”
feedproxy.google.com 10/1/2009 —
News has broke that Metro-Goldwyn-Mayer Inc. – the powerhouse behind films such as the James Bond series and one of the oldest film studios in Hollywood is “teetering on bankruptcy” according to sources.
The studio held emergency conference calls at the end of ...
MGM On The Edge of Bankruptcy
screenrant.com 9/25/2009 —
One of the biggest and most well-known movie studios out there is Metro-Goldwyn-Mayer, or MGM, known for its classic logo with the lion roaring during the opening credits - an almost expected introduction to many of our movies from the last ...
MGM in Peril — Will James Bond Live to Die Another Day?
atomicpopcorn.net 9/25/2009 — Yesterday, a large conference call took place between MGM executives and bondholders in which the former “made a desperate plea for money because the studio had missed its numbers and was going to be out of funds very soon.”
That’s right, ladies and gentlemen, MGM may be on ...
MGM In Trouble!? Will James Bond Lead Those Hobbits To A New Home??
aintitcool.com 9/25/2009 — Merrick here... Nikki Finke over at Deadline Hollywood has some alarming details about phone calls which went down yesterday between MGM and bondholders. MGM made a desperate plea for money because the studio had missed its numbers and was going to ...
MGM Given More Time to Get Its House in Order
getthebigpicture.net 14 days ago — Earlier this week, it was revealed that MGM was essentially going to be put on the auction block , bringing to an end nearly a century of films released under that banner. The studio has accumulated almost $4 billion-with-a-b in debt, and even though The Hobbit and James Bond might cut into ...
MGM headed for sale
variety.com 16 days ago — Studio library, logo may be auctioned off soon MGM may be the best known logo in the entertainment business, but the company seems headed for another possible garage sale. Several sources say they expect that MGM will essentially be auctioned off ...
MGM Thrown A Lifeline
filmshaft.com 10/4/2009 —
Following on from last week’s report that Metro-Goldwyn-Mayer Inc. , one of Hollywood’s oldest studios was on the brink of bankruptcy, it’s my pleasure to tell FilmShaft readers that MGM have been thrown a lifeline from the very creditors who days ago would have seen ...
Anyone Want to Buy MGM?
filmschoolrejects.com 16 days ago —
While driving around your neighborhood in two weeks or so, you might be drawn in by the allure of a poster board sign pointing you in the direction of a nearby garage sale where you can get a bag of clothes for $1, a VHS of Zeus and Roxanne for $1, and MGM for a negotiable price.
According ...
MGM Gets a Reprieve, The Hobbit and James Bond Safe
atomicpopcorn.net 10/5/2009 — A week or so ago we reported on the financial crisis facing Metro Goldwyn Mayer that threatened to knock Guillermo Del Toro’s The Hobbit off its axis. It looked like a tricky doomsday scenario for the studio, but we’re happy to report that MGM is safe, for now.
According to a ...
Follow MovieBlips on Twitter
