Possible Changes for MGM?

Possible Changes for MGM?

The LA Times has reported that Spyglass Entertainment has signed a letter of intent to take over management of MGM which in recent times has suffered financial hardship, which has been at least partially responsible for high profile productions such as the next Bond sequel and the Hobbit films to be delayed.

Improving the financial situation of MGM is likely to require some significant restructuring before the studio can return to the various projects that are on-hold. With no definite time line or even formal approval for a change in management and a restructure to proceed it could be some time before we see much in the way of progress.

For fans eagerly awaiting some progress on MGM’s projects however this is good news in that there are some possible changes coming to reignite things for MGM. If nothing else it’s a small step towards seeing the Bond and Hobbit films starting production. 

Leith spent most of his formative years growing up on the coastal fringes of Western Australia without a cinema in sight. There he grew up on the wonders of home rentals before relocating to Perth and gaining access to a proper cinematic experience just in time for the Star Wars Special Edition re-releases. From there Leith's love of movies expanded to volunteering on a Star Wars fan film, reviewing films, writing about film news, and attending film and pop-culture related conventions on the other side of the world. Leith's favourite films are too many to mention but all start with the Star Wars saga, Back to the Future, the Dark Knight trilogy, Indiana Jones, Lord of the Rings and all things Kevin Smith. With an insatiable appetite for all things pop-culture related Leith also has an unhealthy addiction to the world of comics and can often be found buried under a pile of unread back issues madly trying to catch up on a number of titles coming out from mostly DC and Darkhorse.