Skyfall News

It’s finally looking like MGM is close to securing a rescue package after it has been reported that Spyglass executives have signed a letter of intent and begin due diligence. The article states: “Spyglass, a Los Angeles-based film production company, presented its restructuring proposal to more than 100 lenders on a conference call last month. […]

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 […]

Barbara Broccoli and Michael G Wilson are unhappy at MGM’s prospective buyers according to an article published on ABC News. It goes on to say: Broccoli and Wilson also continue to push for Sony Pictures to be involved. The studio was behind the production, marketing and distribution of 2008’s “Quantum of Solace.” The report suggests […]

According to reports from Comic Con in San Diego where he was promoting “Cowboys And Aliens”, Daniel Craig responded to a fan’s question regarding Bond 23 by saying “Bond is on hold, but all I can say is I want to get going on it as quickly as possible.” The quote appears first on Empire […]

The proposed merger between Lions Gate and MGM aren’t going at all smoothly thanks to Carl Icahn’s hostile takeover bid of Lions Gate. According to an article in the New York Post: Merger talks between Lionsgate Entertainment and MGM are not going well, sources close to the situation said. Lionsgate, the producer of the “Mad […]

When Michael G Wilson unveiled the latest James Bond video game, Blood Stone, yesterday in London he went on to say that  also that he expected pre-production work on Bond 23 to resume shortly, according to a report on MI6, which reports Wilson as saying: “Both Barbara and I are convinced that we’ll be bringing […]

As expected, MGM’s lenders have agreed another debt extension according to The Wall Street Journal. “Metro-Goldwyn-Mayer Inc.’s lenders agreed to give the film studio until Sept. 15 to repay interest and principal due on its bank debt, MGM said.” Read “MGM Lenders Extend Debt, Interest Payment Deadline To Sept 15” on The Wall Street Journal

According to an article in BusinessWeek, Lions Gate Entertainment has approached MGM’s creditors with the aim of acquiring the studio, although they will need the approval of Carl Icahn, the Lions Gate’s largest shareholder.The article notes: “Any agreement to buy Los Angeles-based MGM would have to be approved by Carl Icahn, Lions Gate’s largest shareholder. […]

Reports have appeared in the press over the last few days stating that Bond 23 had been cancelled. The Mirror and other newspapers reported that production had been axed entirely, and the story quickly spread across the globe. However, the story is entirely without foundation; production remains suspended indefinitely while the problems stemming from MGMs […]

Variety reports that MGM is likely to ask its debtholders for another repayment extension next week when the current extension expires. Its fifth extension was granted on May 13th and runs through until July 14th. The article goes on to note: “During recent weeks, MGM’s believed to have met informally with top execs from Lionsgate, […]