MGM - How much more can they take this?

Discussion in 'Archived Threads 2001-2004' started by MikeEckman, Jun 24, 2002.

  1. MikeEckman

    MikeEckman Screenwriter

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    After seeing the recent big budget disappointment of MGM's Windtalkers, how many more mega-budget flops can this studio handle? I mean, with the rumors of MGM being up for sale, does anyone think these recent theatrical bombs could adversely affect their home video division? I mean, within the last year and a half, MGM has given us some great SEs of movies like Hannibal, The Terminator, Killer Klowns, the upcoming Robocop and Dances with Wolves SEs, not to mention all the hundreds of quality budget releases. Im just afraid another bomb like Windtalkers, Hart's War, and Rollerball is going to put this studio in serious jeopardy and start to compromise their very successful home video division. Anyone have any opinions on this?
     
  2. Brian Kidd

    Brian Kidd Screenwriter
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    Well, WB owns the MGM video catalog (I think) so I doubt there's much reason to worry about that. That is unless the folks who run WB's home video arm completely take over MGM's product line. IMHO, MGM puts out much more quality discs than WB. I'm not 100% up on who owns who since it seems to change weekly.
     
  3. Jay E

    Jay E Cinematographer

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    Well their next release is that Crocodile Hunter film, so I don't think it's going to get any better. I just hope that their DVD sales can keep them afloat as their theatrical division doesn't have a clue.
     
  4. Han

    Han Second Unit

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    I think aside from "Hannibal", Pierce Brosnan has single handedly kept MGM afloat in the theaters since 1999. If "Die Another Day" and "Red Dragon" (which is co-distributed by Universal, I believe) both fail, I think MGM will be down for the count.
     
  5. Ken_McAlinden

    Ken_McAlinden Producer
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  6. Damin J Toell

    Damin J Toell Producer

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  7. R. Kay

    R. Kay Second Unit

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    Bond, James Bond.
     
  8. Trace Downing

    Trace Downing Supporting Actor

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    MGM owns all of their films made since 1986, except for Stargate, which went to Live Entertainment (now Artisan) at the time the film was made, and WIllow, which MGM just distributed for Lucasfilm.
    I remember reading an article that MGM's home video dept, was the division keeping the studio portion of the company afloat, because of DVD's popularity. Francis Ford Coppola has been brought on board last year or so to improve the studio's output. I don't think any of his films are finished yet though.
    I think MGM will do just fine. I'm sure that their gambling takes from their 4-6 hotels in Las Vegas and Reno, more than make up for the losses of Windtalkers, and Rollerball.[​IMG]
     
  9. Damin J Toell

    Damin J Toell Producer

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  10. Jason Seaver

    Jason Seaver Lead Actor

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    Coppola seems to be behind the recreation of United Artists as a boutique banner - note that both the new James Bond and Pink Panther movies are under the MGM banner as opposed to UA - and trying to salvage stuff that's been on the shelf as unreleasable. So far, the jury's still out - there do appear to be people who enjoyed The Fantasticks, and the output from UA has been really hit-or-miss - apparently nobody liked No Such Thing, but I am looking forward to Pumpkin.

    As to MGM itself - I've read that they're not doing any more big-budget movies other than established franchises any more (basically, Bond and Lecter), and that this decision was made around Rollerball's release, with Windtalkers and Hart's War already in the can. Of course, this being UPN, they'll get stupid as soon as Red Dragon does well.
     
  11. MikeEckman

    MikeEckman Screenwriter

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    Well, this certainly is good news, cause in my opinion, we need as many big name studios as possible out there. I hope that things turn around for MGM theatrically, and most importantly, I hope their home video division is not hampered by poor theatrical performances.
     
  12. Colin Jacobson

    Colin Jacobson Lead Actor

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  13. Damin J Toell

    Damin J Toell Producer

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  14. JoshB

    JoshB Supporting Actor

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    Crocodile hunter is a relatively low budget release, so whether it hits or misses won't affect the company much.
    The most recent Bond films have been big money makers, but the budgets keep them from being really big hits. The cost anywhere from $90-120 million to makes, and no Bond film has, at least in the US, topped $200 million. So they mostly manage to surpass their budget and make the rest in video, dvd, and video game sales.
    The next Bond is due out in Novemeber, so that is a long time for MGM to hold out on a single film to bail it out, especially with some of the films due out later this year.
    [​IMG] My DVD Collection
     
  15. SteveGon

    SteveGon Executive Producer

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    I haven't seen Windtalkers, but it seems to me that MGM would have been better off releasing it in the fall. It doesn't really sound like a summer flick, despite John Woo being behind the camera. Bad management will get you nowhere, MGM.
     
  16. Rex Bachmann

    Rex Bachmann Screenwriter

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    Jason Seaver wrote:
     
  17. Jason Seaver

    Jason Seaver Lead Actor

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    Oops. I think I was planning an "MGM is the UPN of studios" comment; both of them have a history of poor decisions and over-reliance on pre-existing franchises.

     
  18. Marc Colella

    Marc Colella Cinematographer

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    Windtalkers failure in it's opening week may have more to do with the genre itself.
    There have been way too many war films released in the last 3-4 years. Perhaps the public is tired of the genre... along with the fact that it's a suck-ass movie.
     
  19. Dan Brecher

    Dan Brecher Producer

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  20. Bill GrandPre

    Bill GrandPre Cinematographer

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    MGM has nothing to do with "Red Dragon". The poster and trailers have made no mention of MGM, only the Universal logo appears. When the "Hannibal" novel was released, Universal got the rights to the novel and Lecter character, but MGM had the rights to the Clarice Starling character from when they aquired the Orion catalogue, which contained "Silence Of The Lambs". Since Hannibal Lecter had already appeared in "Manhunter", they didn't need MGM's participation to include him, as they originally aquired the rights from "Manhunter" producer Dino Delaurentiis. I'm not 100% sure if they had to make a seperate deal with Delaurentiis to get the rights to "Red Dragon" or if it was included with the "Hannibal" deal but in any case, MGM has no claim over any of the characters as none of them originally appeared in "Silence of the Lambs".
     

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