Variety and The Hollywood Reporter are reporting progress on the MGM debt situation that has famously kept two ‘Hobbit’ films progressing and have stalled a greenlight on the films for years now.<\/p>\n
THR details the plans to make the nearly $4 billion dissapear here<\/a> while the Variety story here<\/a> details a Wednesday conference call involving debt holders. A lot of things need to fall into place but both stories indicate a September 15 deadline is being respected, which a source told TORn would be met, unlike previous deadlines which have previously been extended. Thanks to friend Kristin Thompson<\/a> for the heads up on the Variety article.<\/p>\n","protected":false},"excerpt":{"rendered":" Variety and The Hollywood Reporter are reporting progress on the MGM debt situation that has famously kept two…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","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],"tags":[],"class_list":["post-37942","post","type-post","status-publish","format-standard","hentry","category-hobbit-movie","category-mgm-production-studios-production","category-production-studios"],"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