MGM planning prepackaged bankruptcy, Spyglass takeover

gateworld.net ^ | 10.10.10

[Perdogg]

We generally tend to pass over the news on MGM‘s financial machinations, but this month there is some big news on the future of the company that owns the Stargate franchise. Since it is bound to stir questions among Stargate fans (not to mention fans of James Bond and The Hobbit, as both film franchises are waiting on MGM’s ability to pay for them), we wanted to let you know what’s up

[Perdogg]

ping

[GeronL]

Not Stargate!

Let the rest of MGM go into bankruptcy though, heh

[perfect_rovian_storm]

I’ve been out of that loop for many years now, but a quick perusal of the Spyglass library shows that they are a perfect choice to run MGM as it continues to bumble down the road of failure, inexplicably without ever actually completely failing. I look forward to many high profile embarrassments from the new owners.

[Artemis Webb]

"In the meantime, MGM says that...the studio will operate business-as-usual."

Lord let's hope not.

[Secret Agent Man]

Isn’t it MGM/UA? I thought they were merged.

If so that means Tom Cruise’s company is going bankrupt. Guess he isn’t OT9 yet.

[SuziQ]

Well, dang, I hope the Hobbit isn’t delayed to TOO much longer!

[Lucius Cornelius Sulla]

This whole thing has been like pulling teeth.

[SuziQ]

It HAS been frustrating, but think about it, when The Hobbit is finally released, there will be a whole new generation who can then get interested in LOTR! Peter can sell more LOTR DVD sets without also having to spend the money making the movies!

I'll hold out for the "Complete Collection" that will include the Extended Versions of The Hobbit and LOTR. Then I can watch them with the grandkids we don't even have yet! ;o)

[potlatch]

Thanks Perdogg!