Skyfall

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, […]

More on the ongoing story regarding a possible merger between MGM and Lions Gate from the man trying to take over the latter: “Billionaire Carl Icahn said on Friday that Lions Gate Entertainment Corp, the company he has sought to control in a hostile takeover, has problems and should avoid merging with financially troubled Metro-Goldwyn-Mayer.” […]

According to an article in BusinessWeek published yesterday Lions Gate Entertainment Corp has held merger talks with troubled studio MGM. The article states: “No offer has been made, and Vancouver-based Lions Gate won’t be able to move ahead without backing from Icahn, the largest investor with a 32 percent stake, said the person, who requested […]

Spyglass Entertainment and MGM are reportedly in talks to complete a deal before the studio’s fifth debt waiver expires in mid-July. A third of MGM’s debt is now in the hands of a small group of hedge funds who are looking for a pre-packaged bankruptcy in which they would take control. Having agreed to this […]