- Joined
- Feb 8, 1999
- Messages
- 18,397
- Real Name
- Robert Harris
Alright folks, here's the way that it works.
We are still doing due diligence, going through final elements, and working with budgets, labs and digital facilities to try to bring the budget down to a comfortable level.
Once we've exhausted our current search for elements, which if allowed, could go on forever, all the numbers go to MGM, at which point all departments involved, ie. cable and satellite tv, home video, theatrical, foreign -- go over the numbers -- and based upon what they feel the film can do during a certain period of time -- either give the project a go ahead or not -- or come back with an alternative.
While knowing that a potentially large market exists for a new DVD release is certainly helpful, the numbers also must work.
It was not within current plannning to make any sort of announcement on this at the time but the WSJ desired to do their story, and we are still a bit premature. Therefore, I would suggest that everyone sit back and relax for a while and let the business end takes its natural course. MGM has superb management, is fully aware of the asset value of the various titles within its library...
and neither they nor I have the information yet on which decisions may be made.
There, in a large nutshell is the current story.
On the other side of the coin rests The Alamo, for which we are attempting to find financial support within the Texas community. And that budget is being re-evaluated at this time in an attempt to go a slightly different digital route (the only way that the film can be saved) and reduce the numbers.
RAH
We are still doing due diligence, going through final elements, and working with budgets, labs and digital facilities to try to bring the budget down to a comfortable level.
Once we've exhausted our current search for elements, which if allowed, could go on forever, all the numbers go to MGM, at which point all departments involved, ie. cable and satellite tv, home video, theatrical, foreign -- go over the numbers -- and based upon what they feel the film can do during a certain period of time -- either give the project a go ahead or not -- or come back with an alternative.
While knowing that a potentially large market exists for a new DVD release is certainly helpful, the numbers also must work.
It was not within current plannning to make any sort of announcement on this at the time but the WSJ desired to do their story, and we are still a bit premature. Therefore, I would suggest that everyone sit back and relax for a while and let the business end takes its natural course. MGM has superb management, is fully aware of the asset value of the various titles within its library...
and neither they nor I have the information yet on which decisions may be made.
There, in a large nutshell is the current story.
On the other side of the coin rests The Alamo, for which we are attempting to find financial support within the Texas community. And that budget is being re-evaluated at this time in an attempt to go a slightly different digital route (the only way that the film can be saved) and reduce the numbers.
RAH