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.
Monday, December 20, 2010
Wednesday, December 08, 2010
Orlando Bloom Near Deal for The Hobbit

...the character of Legolas was very much alive during the timeframe of The Hobbit. In fact, he was probably several thousand years old at the time of The Lord of the Rings! Since Legolas is the son of Thranduil (The Elvenking), a major player in ‘The Hobbit,’... Not only would he appear in Mirkwood with the other wood-elves, he could very well lead the wood-elf contingent into the Battle of Five Armies!
Tuesday, December 07, 2010
Blanchett, McCoy, More Join The Hobbit Cast

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