A Rescue of MGM Studios on Horizon With Spyglass [Wall Street Journal]

MGM may be about to reach a deal that will take it into a pre-packaged bankruptcy deal that will mean it could be back on its feet before the year end. The article states:

Spyglass Entertainment is nearing a deal to run Metro-Goldwyn-Mayer Inc. once the beleaguered film studio finishes restructuring a roughly $4 billion debt load later this summer, said people familiar with the matter.

Once MGM is again functioning as a studio it should then be in a position to start greenlighting new projects, including Bond 23. It is tight, but that could just mean the next Bond film hitting our screens in 2011.

Read “A Rescue of MGM Studios on Horizon With Spyglass” at the Wall Street Journal

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