Close on the heels of the news that Gary Barber and Roger Birnbaum of Spyglass Entertainment had signed a non-binding letter of intent to take over the management of MGM, there’s news by Bloomberg hitting the interweb that points to more progress in that direction:

MGM creditors will be asked to approve a restructuring and pre-packaged bankruptcy plan for the studio within the next week or two, according to two people with knowledge of the situation.

Under the plan, MGM would file for Chapter 11 bankruptcy after obtaining creditor approval, with the goal of emerging from court protection by the end of the year, said one of the people, who asked not to be named because the details aren’t public.

Thanks to messageboard member Eruonen for the heads-up.

Ringer Kookie sends us this link to The Bolton News where Ian McKellen was promoting a new project, but also spoke briefly on The Hobbit films. Everyone’s favorite Gandalf confirms recent reports that the planned start of filming is January 2011.

FILMING on The Hobbit, the long-awaited prequel to The Lord of the Rings, should start in the new year, according to former Bolton School boy Sir Ian McKellen.

“The aim is to start filming in January,” he said.

Learn more about his new project through the following link. [Read More]

Neill Blomkamp mugA New Zealand film website has declared, from its own independent sources, that Neill Blomkamp (District 9) will be directing a pair of movies based on J.R.R. Tolkien’s “The Hobbit.” It was also kind enough to point out that we broke the story as a possibility in June.

The Kiwi site isn’t known for rumor mongering so this is a definitely an interesting possibility that might be pointing to increased Hobbit activity and a semblance of leadership at MGM and a future for these potential gigantic hits (and fan favorites) to get made. Thanks to message board user Magpie for posting this in our forum and to Ataahua for alerting us to the post. You can read the original June forum response here. And, of course, stay tuned for the latest on all things Hobbit, Tolkien and Middle-earth.

We recently got our hands on what we think is some authentic Bilbo casting and production information which seemed to contradict something we knew with absolute certainty: The Hobbit production wanted Martin Freeman for Bilbo and has since as long ago as last year. Seemingly at odds with that fact was apparently concrete casting details about Bilbo and actors still giving audition tapes. Was the role sewn up or not?

A spy has provided an exclusive clue or two about what the role of Bilbo will be like and even a plot detail and a production outline but we were reluctant to report it because of apparent contradictions, but with all the recent Freeman news, it now fits in context. And yes, you have to read on. This is news you must work for, at least a little bit. Continue reading “Exclusive: Bilbo the Brave? Hobbit casting details”

The Los Angeles Times reports today that Gary Barber and Roger Birnbaum, founders of Spyglass Entertainment, have signed a non-binding letter of intent to manage MGM, according to familiar sources.  They are also discussing a Chief Operating Officer position for veteran Hollywood executive Ken Schapiro. 

They write: “Schapiro is partnered with Amir Malin in private media investment fund Qualia Capital, which earlier this year proposed restructuring MGM with a $500 -million cash infusion to keep the studio alive as a scaled-back operation.”   The Hobbit production would need such an infusion of cash to get off the ground. 

There is more issues to consider before the deal can be approved and MGM’s sixth forebearance date (September 15th) is looming.  Read the entire story here.