{"id":36561,"date":"2010-05-10T10:17:14","date_gmt":"2010-05-10T15:17:14","guid":{"rendered":"http:\/\/www.theonering.net\/torwp\/?p=36561"},"modified":"2010-05-10T10:18:16","modified_gmt":"2010-05-10T15:18:16","slug":"mgms-new-debt-procrastination","status":"publish","type":"post","link":"https:\/\/www.theonering.net\/torwp\/2010\/05\/10\/36561-mgms-new-debt-procrastination\/","title":{"rendered":"MGM’s new debt procrastination"},"content":{"rendered":"

\"\"<\/a>The future of the storied MGM studio is uncertain and is keeping a pair of potential “Hobbit” movies uncertain as well. Variety re-reports<\/a> this morning, with some new details, that the studio wants to push back a deadline for debt payments that expires on Friday. You must subscribe to get more than a tease but The Wall Street Journal reports<\/a> the studio is seeking a reprieve until the end of June or perhaps even longer while it gets its…uh…stuff<\/em> together. (Don’t reward them with a click though, they want to charge for the internet!)<\/p>\n

Debtholders hoped to sell the historical studio which includes 4,000<\/strong> catalog films (including this year’s “Hot Tub Time Machine,”) future James Bond films and half of “The Hobbit” films’ earnings among other assets. TORn friend Kristin Thompson explains<\/a> on her own Frodo Frachise site that Time Warner (parent company of studio Warner Bros that swallowed up LOTR studio New Line and is the other 50% of “The Hobbit”) is flush with cash and as the last bidder standing on MGM, might just buy the thing “at the right price”. Meanwhile quiet pre-pre-production continues in New Zealand, waiting for the day when the two films get the greenlight. Yup, it is a mess but we will do our best to keep you posted.<\/p>\n","protected":false},"excerpt":{"rendered":"

The future of the storied MGM studio is uncertain and is keeping a pair of potential “Hobbit” movies…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4,1156,498,148],"tags":[],"class_list":["post-36561","post","type-post","status-publish","format-standard","hentry","category-hobbit-movie","category-mgm-production-studios-production","category-production-studios","category-hobbit"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t