Last November seems like decades ago at this point, especially in the business life of Metro-Goldwyn-Mayer. A little over a year ago, they were trying to sell themselves on the street to the highest bidder. Now, they’ve entered into bankruptcy with a court-approved plan in place, and they’ve raised $500 million to finance their return to greatness.

The press release doesn’t mention specific films, but the abandoned slate (of in-development and ready-for-release films) includes the next Bond entry, Red Dawn, Jeepers Creepers 3, the animated Bunyan and Babe, Biblical biopic Mary Mother of Christ, and continued partnerships for the Hobbit films, The Matarese Circle, and The Cabin in the Woods.

The big question is how MGM plans to spend that cash. It seems like a huge amount, but The Hobbit will eat up a decent chunk of it for second breakfast, and Bond 23 will most likely make a decent divot, too. MGM might essentially be gambling a fragile fresh start on two films.

Like this article? Join thousands of your fellow movie lovers who subscribe to The Weekly Edition from Film School Rejects. Our best articles, every week, right in your inbox!
Comment Policy: No hate speech allowed. If you must argue, please debate intelligently. Comments containing selected keywords or outbound links will be put into moderation to help prevent spam. Film School Rejects reserves the right to delete comments and ban anyone who doesn't follow the rules. We also reserve the right to modify any curse words in your comments and make you look like an idiot. Thank You!
Some movie websites serve the consumer. Some serve the industry. At Film School Rejects, we serve at the pleasure of the connoisseur. We provide the best reviews, interviews and features to millions of dedicated movie fans who know what they love and love what they know. Because we, like you, simply love the art of the moving picture.
Fantastic Fest 2014
6 Filmmaking Tips: James Gunn
Got a Tip? Send it here:
Neil Miller
Managing Editor:
Scott Beggs
Associate Editors:
Rob Hunter
Kate Erbland
Christopher Campbell
All Rights Reserved © 2006-2014 Reject Media, LLC | Privacy Policy | Design & Development by Face3