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MGM/UA

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    MGM in Flux, Jackson Wants Hobbits, Weinsteins Lose Library, Ortenberg to Apparition

    There's a lot going on in Hollywood this summer, as the economy and DVD declines continue to take their toll on several struggling distributors, from MGM and Lionsgate to the Weinstein Co., Overture and Apparition. MGM is in flux, as it struggles to pull itself back from the brink of bankruptcy and ...

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    Cameron Speculation, Bond Stall Releases Craig and Mendes, Perry Loses Carey, Nolan Loves Bond

    In the constant push for site traffic, James Cameron provides a reliable news headline, what with the BP "morons" thing, and the lingering impact of the ultimate blockbuster, the 3D Avatar. The tiniest indication of directional change for Cameron's next project is enough to fuel endless speculation....

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    Who Will Direct The Hobbit, With Del Toro Moving On? Not Jackson, for Now

    Soon after revealing that he was waiting for the dust to clear at MGM so he could get on with The Hobbit, Guillermo del Toro, one of Hollywood's hottest directors after Pan's Labyrinth and Hell Boy 2, is quitting The Hobbit because he can't keep his career on hold any longer; he's already been on th...

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    The Hobbit and Next James Bond Await MGM Picks to Run Studio

    With MGM creditors calling the shots and debating the future of the studio with MGM management, the cold reality is that no one is going to buy MGM at the valuation the studio needs as it copes with its $3.7 billion debt load. Thus the next phase of MGM's reorganization will likely involve bringing in some entity to exchange some debt for equity and run the studio. Top of the list of possible partners are Spyglass, Summit and the guy who thought up this solution, Amir Malin of Qualia Capital, a private media and entertainment equity fund. He made an offer to infuse MGM with some $500 million to run a lean operation in hopes that the economy a...

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    McAvoy Joins X-Men, Polley's Take This Waltz, Newsweek's New Look

    - Director Matthew Vaughn has cast Wanted star James McAvoy to play the role of the young Charles Xavier (created by Patrick Stewart) in Fox's next X-Men installment, the origin story X-Men: First Class. We like The Playlist's casting suggestion of Michael Fassbender (Inglourious Basterds) to play ...

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    Alice To Pass $1 Billion, Hollywood for Sale, Bale Talking Hillcoat Flick

    -Disney's Alice in Wonderland will cross the $1 billion worldwide box-office threshold tomorrow, marking the sixth movie to do so and a record for a springtime release. With over $332 million domestic and $667 million foreign, Alice in Wonderland is Disney's second-highest grosser behind Pirates of ...

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    MGM Accepts Bids, Extends Debt Deadline

    In anticipation of a reported $1.5 billion bid by Time Warner, MGM extended the deadline for the close of bidding from Friday to Monday, reports Reuters: "Lions Gate Entertainment and billionaire Len Blavatnik's industrial holding company Access Industries have put in second-round bids for Metro-Gol...

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    MGM Gains Another Lender Extension

    As MGM gets yet another extension on having to pay back its lenders--until March 31--it shows that finally it is in the interest of investors to keep the company afloat. The same thing is behind the Weinstein Co.'s new lease on life, as its investors are allowing the company to keep money coming into its coffers in the near term in order to fund and release more movies that might turn out to be profitable. Similarly, while Michael London's Groundswell has lost much of its money (I hear some $50 million) and TPG/Axon pulled its remaining equity (its corporate parent TPG also took a bath on MGM), Groundswell lender Comerica has fronted the comp...

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    Bond 23 Update: Sam Mendes in Talks to Direct

    When your career needs a boost and there are few available top-dollar jobs: take a franchise.

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    Bond Producers Put Number 23 On Hold

    Writer Peter Morgan (The Queen) worked on a first draft of Bond 23 that he described as a "shocking story" from July until October last year, followed by regular writers Neal Purvis and Robert Wade. But EON Productions has put pre-production work on the film on hold pending the resolution of distrib...

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