MGM

Bond 23 would come out “in November” if the head of MGM’s Worldwide Motion Picture Group had her way, according to a Reuters news report, although she certainly meant November 2011. One of the charges levelled at MGM is that its older management was just too laid back, while since Mary Parent came on board […]

MGM’s only remaining movie now that Bond 23 and The Hobbit are on hold has been postponed from a November release according to the LA Times. Red Dawn is a remake from the 1980s and the first to be directed by Dan Bradley, second unit director on Quantum of Solace. Although principal photography has already […]

Interesting to read in Business Week that MGM loans are now trading at 43 cents in the dollar, down from 65 cents at the beginning of 2010 and now valuing the company at $1.6 billion, just a shade above Time Warner’s reported bid of $1.5 billion. The studio’s lenders are now in a battle with […]

MGM’s management and creditors are reportedly divided over the best plans to take the troubled studio forward. Hedge funds control a large amount of the studio’s debt and are ignoring Time Warners bid that has been on the table since March. Meanwhile management want to go ahead with a restructuring plan to raise $1 billion. […]

The Wall Street Journal has reported that MGM’s creditors are close to deciding a strategic partner to help steer the troubled studio through its current crisis. Creditors are looking for a partner with experience in the movie business and would replace at least some of MGM’s top brass, including the current CEO. They plan on […]

Lenders agreed to extend the period for debt repayment for a fifth time to allow the troubled studio to arrange its affairs prior to a sale – or more likely now, a pre-packaged bankruptcy.

With MGM currently in talks to try and save the studio somehow many Bond fans are wondering why EON Productions needs MGM to make another bond film

Following the news last month that Bond 23 had been out on hold indefinitely, MGM’s lenders are expected to vote in favour of yet another debt extension

Fans reacted first with shock and then with anger following the announcement from Michael G Wilson and Barbara Broccoli that Bond 23 would be delayed “indefinitely”.

Bad news was announced by Eon Productions on Monday, when they confirmed every Bond fans worst fear.