Auction For Mgm Reportedly Near

0
0
Subscribe to James Bond alerts

MGM's creditors have rejected a proposal to turn their $3.7 billion in loans to the company into equity as part of a restructuring plan to keep the studio out of bankruptcy, BusinessWeek reported today (Wednesday), citing a source with knowledge of a November 4 meeting between the creditors committee and MGM CEO Stephen Cooper. Instead, two days after the meeting, they asked Cooper to seek a buyer for the company but were told that it was unlikely that the studio would fetch more than $1.5 billion, roughly what the studio's rights to the James_bond">James Bond franchise alone might be worth, the magazine said. It noted that several studios are interested in buying MGM -- but not to maintain it as a viable studio. They are interested instead in its film library, the Bond franchise, and MGM's share of the rights to the Lord Of The Rings prequel, The Hobbit.

11/11/2009


Contactmusic

Tags: James Bond - Lord Of The Rings - The Jam - The Lord Of The Rings

0
0
Subscribe to James Bond alerts
Advertisement

More James Bond

Could Idris Elba Be The Next James Bond?

Anticipation is building for the 24th instalment of the James Bond franchise when Spectre is released next year, but the series might be radically overhauled...

Daniel Craig And Rory Kinnear Speed Under Thames Bridge In 'Spectre' Filming - Part 7

Daniel Craig and Rory Kinnear sail under a low bridge on the River Thames in London as they prepare to shoot a scene for forthcoming...

Daniel Craig And Rory Kinnear Hold Tight On Bobbing Speedboat During 'Spectre' Filming - Part 5

Daniel Craig and Rory Kinnear rock backwards and forwards on a slow moving speedboat on top of the River Thames in London as they prepare...

Daniel Craig And Rory Kinnear Joined By Film Crew In Thames Scene During 'Spectre' Filming - Part 6

Daniel Craig and Rory Kinnear appear to take a break from filming the upcoming James Bond movie 'Spectre' as they stand on their stationary speedboat...

Advertisement

Daniel Craig And Rory Kinnear Are Followed By Film Crew On 'Spectre' London Set - Part 4

Daniel Craig seems to be gesticulating enthusiastically as he and Rory Kinnear take a speedboat ride on the River Thames in London during filming for...

Daniel Craig And Rory Kinnear Shoot Speedboat Scene For 'Spectre' - Part 3

Daniel Craig enjoys a bumpy ride on a speedboat along the River Thames in London alongside Rory Kinnear as the pair shoot a scene for...

Daniel Craig And Rory Kinnear Board A Speedboat On The Set Of 'Spectre' - Part 2

Suited up in true secret agent fashion, James Bond stars Daniel Craig and Rory Kinnear shoot a scene for the forthcoming 24th instalment of the...

Daniel Craig Waves As He And Rory Kinnear Shoot 'Spectre' In London - Part 1

Daniel Craig can be seen waving a gloved hand as he whizzes across the River Thames in London on a speedboat alongside Rory Kinnear, his...

Advertisement

Comments

James Bond Newsletter

Subscribe to this news alert service to receive news and reviews on James Bond

Unsubscribe | Unsubscribe All