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MGM Prepares for Bankruptcy

Discussion in 'Movies' started by mattCR, Sep 26, 2009.

  1. mattCR

    mattCR Well-Known Member
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    http://www.deadline.com/hollywood/exclusive-details-mgm-makes-phone-plea-to-bondholders-for-millions-to-stay-alive-both-hobbit-and-james-bond-in-peril-bondholders-tell-studio-to-go-bankrupt-mgm-calls-that-worst-possible-outcom/


    MGM NEEDS "Fame" it's only release on the slate for some time to be a success as a god faith sign to bondholders that there is at least a promise of potential money to be made. If "Fame" looks bad at the BO this weekend, MGM could be in more trouble then it can get out of.

    Bob Evans, where are you now? :)
     
  2. Gary Hightower

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    Too bad about that. I wouldn't want my studio's success riding on a miserable looking movie like Fame. I hope Sony stays far away from MGM product if they go under.
     
  3. MatthewA

    MatthewA Well-Known Member

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    There's no way they're going to stay away from James Bond. Every studio is going to want that one.

    As for the library, it should be at Time Warner.
     
  4. MatthewA

    MatthewA Well-Known Member

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    Slash Film claims they have until the end of the year to sort things out (claiming "The Hobbit" is in "no danger")

    http://www.slashfilm.com/2009/10/02/mgm-gets-a-financial-reprieve-the-hobbit-in-no-danger/
     
  5. mattCR

    mattCR Well-Known Member
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    Nikki updates.

    http://www.deadline.com/hollywood/toldja-mgm-confirms-forbearance-agreement-with-its-lender-group-until-dec-15/
     

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