Posts Tagged

bankrupt

HobbitMgmMovies

MGM has been having financial problems for a while, and now it looks like the company will have to sell off a large part of its assets if it hopes to keep afloat.  The movie studio restructured this past summer in order to move some of the $3.7 billion in debt around.  While the studio does have The Time Machine, The Zookeeper, and the remake of Red Dawn coming out mid to late 2010, the biggest movie on the company’s docket has to be The Hobbit, and The Hobbit 2, which could end up making as much or more than

Read More