Quote:
Originally Posted by Scott McD
With the money it still makes today ? There will be...
|
here's a bit on it
As we previously reported, MGM has finally filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in New York. After more than a year of trying to select a specific reorganization plan, MGM has ultimately gone with the plan that names Spyglass Entertainment as the new head of MGM.
Specifically, the plan appoints Spyglass co-heads Gary Barber and Roger Birnbaum as co-CEOs of MGM; it was approved by MGM?s board of over 100 lenders, who will trade almost $4 billion in debt for 95% collective stake in the restructured studio.
As for the two things we here at Screen Rant care about ? The Hobbit and James Bond ? we know already that Barber and Birnbaum had distinctive roles in getting The Hobbit into production with Peter Jackson at the helm; it?s early yet to make an official call, but you can bet that the pair are looking ahead with equal enthusiasm to preserving the James Bond franchise, hopefully with star Daniel Craig still attached and rumored director Sam Mendes still onboard for the next installment. Bond fans have been saying for some time that this stalled Bond 23 movie is something the want to see, so it wouldn?t hurt Spyglass/MGM to hop to it and capitalize on that good favor.
http://screenrant.com/mgm-bankruptcy...nd-kofi-86261/