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Posts with tag: lord-of-the-rings | Return to WatchersWatch.com Homepage MGM is For Sale  MGM is officially up for sale, according to Variety. Bondholders have given the company a month and a half to come up with a new cash infusion or a buyer before more debt payments are due.
According to sources close to the company, MGM's investment bankers Moelis & Co. are overseeing the sales process, while current management will remain in place with feature development and production continuing. MGM's lenders had agreed previously to let the studio forgo three interest payments until Dec. 15.MGM has $3.7 billion in debt. Bondholders have allowed MGM to forego interest payment three times already, but their patience is fraying. MGM management says its open to various ideas for solving its financial problems, but an outright sale seems the most likely outcome, with some kind of restructuring of the debt. Posted on November 13, 2009 Permalink | Subscribe | | | Comments (View) | Director Guillermo del Toro talks about plans for The Hobbit movie and about working with Lord of the Rings director Peter Jackson in the video below from ITN. Guillermo del Toro says he is both very nervous and very excited. Guillermo says it is "like being handed the keys to the nuclear button." Guillermo says Jackson knows he cares for the world Jackson created but that he will also have to alter it to make it his own. Let's hope he doesn't change it too much because what Peter Jackson did with Tolkien's novels was wonderful. Please don't nuke The Hobbit Guillermo del Toro! Posted on August 26, 2008 Permalink | Subscribe | | | Comments (View) | |
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