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MGM Money Problems, Delays on Hobbit Extended

MGM has been staving off bankruptcy and looking for a buyer for going on a year now, and the process has just been extended.  The studio’s new deadline to either pay off its creditors or go bankrupt is September 15th.

Why is this relevant to our interests?  Well, because until MGM gets its act together, it’s very unlikely that The Hobbit or the next James Bond movie will see production.

From ScreenRant:

The news as of late (if you’ve been following) seems to indicate that the statuses of both The Hobbit and Bond 23 (the next film) could be in jeopardy; actors and directors circling both projects could ultimately walk if production doesn’t begin soon. So if you’re worried about Daniel Craig passing on Bond or Ian McKellen dropping out of The Hobbit, you can officially start to panic (just slightly though).

The good news is that Spyglass Entertainment and Lions Gate Entertainment are both interested in the studio and its assets.  Hopefully a resolution will arrive quickly; we’ve already lost my best-case-scenario director for The Hobbit, lets not lose the actors who made LotR so incredible as well.

(via ScreenRant.)

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Susana Polo thought she'd get her Creative Writing degree from Oberlin, work a crap job, and fake it until she made it into comics. Instead she stumbled into a great job: founding and running this very website (she's Editor at Large now, very fancy). She's spoken at events like Geek Girl Con, New York Comic Con, and Comic Book City Con, wants to get a Batwoman tattoo and write a graphic novel, and one of her canine teeth is in backwards.