Get your tickets to Tolkien today!
Join us in our 24 Hour Chatroom!
Check out TheOneRing.net on Twitter!
Join us on Instagram

Latest Tweets

  1. TheOneRing.net
    TheOneRing.net: On its 9th week of release (!!!) it was a Thursday and they had just added a teaser for The Two Towers to the end c… https://t.co/Amco5aVY0H

  2. TheOneRing.net
    TheOneRing.net: One of the best LOTR stan accounts stopped posting a few months back because she literally is creating a COVID vacc… https://t.co/b763oTrUgC

  3. TheOneRing.net
    TheOneRing.net: A real life wizard has left us too early. ️ Grant Imahara 🧙🏻‍♂️ https://t.co/Y7vl54Sev3

News Alerts

Get emailed with every new post!

A $500M glimmer of hope on the MGM front?

April 8, 2010 at 10:52 am by MrCere  - 

Investors want to give MGM $500 million to start making new productions according to Nikki Finke at Deadline.com. Relativity Media, backed by a hedge fund, must see the profit potential in projects and properties like “The Hobbit” and further James Bond films. The report says this offer was made three weeks ago which means they probably weren’t following TORn’s advice, but maybe those holding MGM’s $3.7 billion debt will, and allow this to happen. In any case, the auction for MGM seems to be dead. If this deal is accepted, “The Hobbit,” could go forward right away. One also wonders if last Thursday’s long meeting was more about urging the bondholders to accept an offer like this and less about asking them for more money directly. Of course, investors may also want to carefully watch their money and that taps into the deepest fears of financiers wanting creative input into films. But with the LOTR track record of Producer Peter Jackson and proven visionary Guillermo del Toro directing, those fears are tempered. Thanks to Sunflower on our message boards and the many pairs of eyes keeping us up to date.

Posted in Guillermo Del Toro, Hobbit Movie, MGM, Peter Jackson, Studios on April 8, 2010 by A $500M glimmer of hope on the MGM front? | Discuss
Thorin Oakenshield

Comments are closed.