Tag Archive | "MGM"

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ROBOCOP Remake Gets A New Writer

Posted on 01 February 2012 by Christian

They guys over at ComicBookMovie have some cool stuff, that is why we love them.. Check it out..

MGM has hired Gran Torino scribe Nick Schenk to work on a new script for their long in development remake of Paul Verhoeven’s classic sci-fi flick..

According to THR Schenk will come aboard the movie which still has director Jose Padilha attached. The two had been working together on action thriller Tri-Border

MGM have been working on getting a remake (reboot, re-imagining – whatever word they want to use) of Robocop off the ground for years now but we haven’t heard too much about it since Padila was said to have taken the director’s chair. Apparently they hope to shoot the movie in the Summer although no actor has been cast in the lead role yet. Here is what Padilha had to say about the movie previously..

Wars in the future are going to be fought with drones. We won

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Titles and Release Dates Announced for THE HOBBIT

Posted on 31 May 2011 by TH3 No08

Press release here…

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Warner Bros. Seeking Robert Zemeckis for Remake of The Wizard of Oz

Posted on 17 November 2010 by Christian

In what could go down as one of the worse ideas in

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The Hobbit Gets its Greenlight with Jackson Directing

Posted on 06 October 2010 by Christian

The Hobbit has officially been greenlit and has a start date.

After so long, and such back and forth, The Hobbit has finally gotten a greenlight, a director(Peter Jackson), and now an official start date. According to TheWrap.com.

They report that the Lord of the Rings prequel project will begin production in February, as per “an individual close to the” films.
“In the final agreement this week, Jackson’s deal was finalized and MGM and Warner Bros. agreed to give the project its greenlight,” says the site. Sets have already been built in New Zealand and actors have been on hold for months.

Meanwhile,The New Zealand Herald reports that the decision on whether the production will happen in New Zealand is still at least a week away “and in the hands of Warner Bros. despite a ‘useful and productive’ meeting today between filmmakers and Actors Equity.”


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MGM files for Chapter 11

Posted on 06 October 2010 by Christian

It looks like Bond may find a new home with Spyglass and hopefully “The Hobbit” will get the green-light.

Metro-Goldwyn-Mayer Inc. said it has begun seeking its creditors’ approval on a prepackaged bankruptcy plan in which they will exchange more than $4 billion in debt for equity in a new company that has rights to the James Bond franchise and the upcoming two-part movie series “The Hobbit.”

Privately held production company Spyglass Entertainment, a co-financier of such recent films as “Star Trek” and “G.I. Joe: Rise of Cobra,” will contribute some assets and merge two subsidiaries into MGM for a 4.69 percent stake in the company, according to the plan.

Creditors would hold 95.3 percent of the company after it exits from Chapter 11.

Only approved holders of secured debt as of Oct. 4 will be allowed to vote. The company declined to provide the list of creditors that can participate, but major creditors include Anchorage Advisors LLC, Highland Capital Management LP and billionaire investor Carl Icahn.

Voting continues until Oct. 22, when the company plans to file for bankruptcy and exit the court process in about 30 days.

After exiting bankruptcy, Spyglass co-founders Gary Barber and Roger Birnbaum will serve as co-chairmen and CEOs.

The move signals the end is near for a process that began late last year as the company struggled to right itself from a dearth of hit movies, the decline of DVD sales and an overwhelming debt burden brought on by its $5 billion purchase in 2005 by a group led by Providence Equity Partners, Texas Pacific Group, Sony Corp. and Comcast Corp.

It also clears the way for production to begin on “The Hobbit,” the two-part movie based on J.R.R. Tolkien’s novel, which MGM is set to make with Time Warner Inc.’s Warner Bros. The release of the first installment had been slated for December 2012 but the movie still hasn’t gotten the official “green light” to begin shooting.

MGM also owns rights to the James Bond movie franchise and has a library of 4,000 movie and TV-show titles including such titles as “Rocky” and “Dances With Wolves.”

By choosing bankruptcy over another sale, MGM is rejecting a $2 billion all-cash offer made last month by Indian conglomerate Sahara India Pariwar. MGM also walked away from an offer from Time Warner for $1.5 billion in cash.

Because MGM’s creditors had given it a waiver on debt and interest payments since last October, the company has been able to preserve some cash. But it is unclear if it has enough to help pay for the big-budget “Hobbit” movies, or if it will need to clear the bankruptcy process first before raising new funds.

Source: Comicbookmovie.com

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