{"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&#8217;s new debt procrastination"},"content":{"rendered":"<p class=\"intro\"><a href=\"http:\/\/www.theonering.net\/torwp\/2010\/05\/10\/36561-mgms-new-debt-procrastination\/gold\/\" rel=\"attachment wp-att-36562\"><img decoding=\"async\" src=\"http:\/\/www.theonering.net\/torwp\/wp-content\/uploads\/2010\/05\/gold.jpg\" alt=\"\" title=\"gold\" width=\"138\" height=\"112\" class=\"alignright size-full wp-image-36562 no-lazyload\" \/><\/a>The future of the storied MGM studio is uncertain and is keeping a pair of potential &#8220;Hobbit&#8221; movies uncertain as well. <a href=\"http:\/\/www.variety.com\/article\/VR1118019000.html?categoryid=13&#038;cs=1\" target=\"_blank\">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 <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703338004575230553892742946.html?mod=WSJ_business_MediaMktNewsBucket\" target=\"_blank\">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&#8230;uh&#8230;<em>stuff<\/em> together. (Don&#8217;t reward them with a click though, they want to charge for the internet!)<\/p>\n<p>Debtholders hoped to sell the historical studio which includes <strong>4,000<\/strong> catalog films (including this year&#8217;s &#8220;Hot Tub Time Machine,&#8221;) future James Bond films and half of &#8220;The Hobbit&#8221; films&#8217; earnings among other assets. TORn friend <a href=\"http:\/\/www.kristinthompson.net\/blog\/?p=1153\" target=\"_blank\">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 &#8220;The Hobbit&#8221;) is flush with cash and as the last bidder standing on MGM, might just buy the thing &#8220;at the right price&#8221;. 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":"<p>The future of the storied MGM studio is uncertain and is keeping a pair of potential &#8220;Hobbit&#8221; movies&#8230;<\/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_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":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1tLoH-9vH","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/posts\/36561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/comments?post=36561"}],"version-history":[{"count":0,"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/posts\/36561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/media?parent=36561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/categories?post=36561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theonering.net\/torwp\/wp-json\/wp\/v2\/tags?post=36561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}