By Bassam Tarazi | Image property of respective holders.
The Hobbit
MGM has decided that it’s time to balance their budget! MGM is looking to increase their cash flow 5-fold with present chief, Harry Sloan compared to their hobo like $100 million a year they were doing prior.
With a $3 billion debt load you can be sure the cats are coming out of the hats. Sloan admitted, "What's left goes on the screen."
MGM Looks to Franchises Including The Hobbit
Like any good conglomeration, MGM is looking to bank on more than just one product. MGM’s golden boys are James Bond, The Pink Panther, Thomas Crown, Rocky and The Hobbit. Bond never dies. You can’t say no to Steve Martin. Thomas Crown is money (literally) and Stallone won’t go away. I’m just amazed that they are even considering The Hobbit after LOTR remained a bleak cult classic for the most part.
Shooting for the next Pink Panther starts in February, the next Thomas Crown in March, Daniel Craig will be back for at least another go at Bond, but after Rocky Balboa, Sly is going to have to hang it up. As for The Hobbit? Why make one movie when you can draw it out and make two? Peter Jackson is in talks finding out a way to double dip in our pockets in the prequel to LOTR. But don’t be expecting these too soon. Jackson first needs to legally handle his split with New Line Cinema over money still owed to him from LOTR.
Add to Heffee!
