| MGM Studio Said to Sign Management Accord With Spyglass After Lenders’ OK [Bloomberg] |
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2010-09-09 05:03:26-04
It’s finally looking like MGM is close to securing a rescue package after it has been reported that Spyglass executives have signed a letter of intent and begin due diligence. The article states:
“Spyglass, a Los Angeles-based film production company, presented its restructuring proposal to more than 100 lenders on a conference call last month. The [...]
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| MGM reborn as TV producer [Variety] |
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2010-09-10 05:34:41-04
MGM’s future will be in television, if an article published by Variety is to be believed. Gary Barber and Roger Birnbaum of Spyglass are reported to have signed a nonbinding letter of intent to become co-chairmen and co-CEOs of the troubled studio. The article states:
“MGM will enter into a pre-packaged bankruptcy and re-emerge between now [...]
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| Bond 23 back on track? |
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2010-09-14 20:15:29-04
Deadline is reporting that Bond 23 may have a start date scheduled, assuming MGM’s deal with Spyglass goes through;
“Mendes, for instance, bowed out of contention last Friday, and I’m told it was because the MGM picture is clearing up and it looks like production on 007 could begin by late summer or early fall, 2011 [...]
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| MGM lenders extend forbearance deadline to Oct 29 [Reuters] |
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2010-09-16 06:09:55-04
MGM has received yet another debt extension until the end of October while it finalises a deal with Spyglass according to an article published on Reuters, which states:
“Metro-Goldwyn-Mayer [MGMYR.UL] said on Wednesday that its lenders agreed to extend a deadline for debt payments as the film studio prepares to be handed over to film company [...]
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| For Your Eyes Only soundtrack |
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2010-09-16 07:18:44-04
The Bond series frequently follows the same pattern. Films get ever more action-packed and begin to feature increasing numbers of gadgets and explosions. That is, until a director decides to change direction and revert back to a more subdued affair, more faithful to Ian Fleming’s books. It happened with On Her Majesty’s Secret Service as [...]
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| James Bond Producers Said to Join Sahara Bid for MGM Studio [Bloomberg] |
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2010-09-20 09:24:32-04
Just when it looked like MGM’s future might be settled thanks to the potential deal with Spyglass that would take it into pre-packed bankruptcy, India’s Sahara decided to spoil the show with a $2 billion offer. However, it is now rumoured that there is more to this deal than meets the eye, with an article [...]
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| Bond Movie Producer EON Says It’s Not Part of Sahara’s Bid for MGM Studio [Bloomberg] |
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2010-09-20 14:40:18-04
Subsequent to reporting a rumour earlier in the day that – James Bond Producers Said to Join Sahara Bid for MGM Studio – EON Productions has released a statement denying they had ever had any contact with Sahara India Pariwar.
“EON Productions tonight confirmed they have never had any contact with Sahara India Pariwar and [...]
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