Things were going so well for Ron Grover in his piece about MGM’s slow plunge toward insolvency. There was the news that the studio’s creditors declined an equity stake in the company as part of its restructuring, and then, once again, there were those mind-blowing figures we’re so used to reading in any discussion of MGM’s flagging fortunes: $3.7 billion in debt, with the creditors balking at another $1.2 billion in new debt to help get the studio’s production slate going. Instead, they want a buyer — and they’re not above selling the Lion for parts, including The Hobbit, the vast film library and the James Bond franchise. Which is where it gets a little tricky.
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