Monday, December 20, 2010

MGM Completes Restructure

It seems that MGM has completed its restructuring as it begins to move towards moving out of bankruptcy and back to filming making and hopefully profitability. According to Deadline, "As part of its exit financing, MGM raised $500 million to fund operations, including production of a new slate of films and television series."

As far as the Hobbit is concerned, I don't think it will have any impact good or bad as MGM has already reached a deal with Warner Bros to sort out paying their half of the production of the two films. Mostly it means that there is a good chance that the next 007 film (and others) might be hitting the production pipeline soon.

No comments:

Post a Comment