MGM Files for Bankruptcy, Rejecting Lions Gate Bid [Bloomberg]

MGM filed for pre-packaged bankruptcy yesterday under the deal with Spyglass. Only days since Carl Icahn’s failed counter bid, things have moved swiftly to move MGM into its next phase. One of the most interesting pieces of news to emerge from MGM, according to Bloomberg, relates to Bond 23 and beyond:

New James Bond films may be released every second year starting in November 2012, MGM said. It aims to own 50 percent of Bond 23, due out that year, with an equal partner paying all of the production costs, it said. Later Bond movies would be wholly owned and funded by MGM, the company said.

One such potential partner is Sony, which partnered with MGM on Casino Royale and Quantum of Solace and which has stated that they would like to be involved in whatever capacity they can. However, it is by no means certain that they would be involved in Bond 23.

Read MGM Files for Bankruptcy, Rejecting Lions Gate Bid at Bloomberg

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