MGM, the sequel? Creditors seek leads
Will MGM’s creditors sell the studio or run the studio? The waiting, figuring and speculation continues. No matter which option they choose, debtholders must realize that Guillermo del Toro walking away from the project because of the delayed greenlight was another loss to the value of the venerable studio. Scrambling for a new director or forcing Peter Jackson to sit in a director’s chair he passed on isn’t ideal for anybody’s bottom line. www.businessweek.com breaks down the latest figures, rumors and actions of the studios and lenders involved. Tom Cruise even manages to get mentioned in the story. Read and learn! Thanks to message board member
Pipeline Pipe Dream for finding the story.