MGM has no money for the Hobbit dilogy
One of the oldest Hollywood companies, MGM, is doing so badly that its management was forced to ask its shareholders for a loan of $ 20 million to cover operating expenses and another $ 150 million to start movieing the Hobbit dilogy. According to the DeadlineHollywood resource, the shareholders were also asked to abandon dividends until February 2010. Otherwise, the company will face bankruptcy proceedings and the loss of rights not to popular movie franchises, such as the James Bond series. Filming " The Hobbit " will be postponed. It is reported that shareholders reacted with distrust to MGM's initiative and intend to insist on starting bankruptcy proceedings, hoping to return at least half of the company's debt, which reached $ 3.5 billion.< The Topic of Article: MGM has no money for the Hobbit dilogy. |
