{"id":39013,"date":"2010-10-07T23:17:43","date_gmt":"2010-10-08T04:17:43","guid":{"rendered":"http:\/\/www.theonering.net\/torwp\/?p=39013"},"modified":"2010-10-07T23:17:43","modified_gmt":"2010-10-08T04:17:43","slug":"bankruptcy-means-mgm-moving-closer-to-hobbit","status":"publish","type":"post","link":"https:\/\/www.theonering.net\/torwp\/2010\/10\/07\/39013-bankruptcy-means-mgm-moving-closer-to-hobbit\/","title":{"rendered":"Bankruptcy means MGM moving closer to &#8216;Hobbit&#8217;"},"content":{"rendered":"<p class=\"intro\">While Peter Jackson and the actor&#8217;s unions have gone very quiet on their dispute, MGM is finally moving forward which is a great bit of progress for two planned films based on J.R.R. Tolkien&#8217;s &#8220;The Hobbit&#8221;. The planned bankruptcy the venerable studio is seeking gives it leadership and the chance to put money into films instead of putting money towards interest payments. A headline with &#8220;bankruptcy&#8221; isn&#8217;t sexy, but it is good news for those wanting &#8220;Hobbit&#8221; films, especially when the word &#8220;planned&#8221; comes before it.<br \/>\nYou can read about it from <a href=\"http:\/\/blogs.forbes.com\/dorothypomerantz\/2010\/10\/07\/mgm-to-declare-chapter-11\/?boxes=Homepagechannels\" target=\"_blank\">Forbes,<\/a> <a href=\"http:\/\/www.reuters.com\/article\/idUSTRE69706320101008\" target=\"_blank\">Reuters,<\/a> or the <a href=\"http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5h0S6wf2oqinLZZS67rNqGMFBF4wwD9IN5FPO0?docId=D9IN5FPO0\" target=\"_blank\">Associated Press<\/a>.<br \/>\nAnd, unlike other news outlets that have promised not to write about the &#8220;Hobbit&#8221; films again until they write a review, we promise to bring you lots and lots and lots of news as often as possible!<br \/>\nFor those not aware, MGM holds 50 percent of &#8220;The Hobbit&#8221; and its financial situation has stalled the film that has also faced several other significant hurdles. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Peter Jackson and the actor&#8217;s unions have gone very quiet on their dispute, MGM is finally moving&#8230;<\/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":[115,4,73,1156,496,498,148],"tags":[1275,1276],"class_list":["post-39013","post","type-post","status-publish","format-standard","hentry","category-hobbit-director","category-hobbit-movie","category-hobbit-campaign","category-mgm-production-studios-production","category-production","category-production-studios","category-hobbit","tag-bankruptcy","tag-mgm-bankruptcy"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"While Peter Jackson and the actor&#039;s unions have gone very quiet on their dispute, MGM is finally moving forward which is a great bit of progress for two planned films based on J.R.R. 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