The Big Cat has announced that a creditor vote has lead to the acceptance of the Spyglass plan. Under the scheme MGM will become a “working studio” and no longer a distributor of films.
Metro-Goldwyn-Mayer Inc. (‘MGM’) today announced that the secured lenders voting in the Company’s solicitation process have overwhelmingly approved its proposed plan of reorganization (‘Plan’). MGM will now move expeditiously to implement that Plan, which will dramatically reduce its debt load and put the Company in a strong position to execute its business strategy. MGM is appreciative of the lenders’ support.
This leaves sources such as industry blog Deadline debating who will become the distributor of the new James Bond movie.
Sony Pictures did so for Daniel Craig’s previous two James Bond outings – Casino Royale and Quantum of Solace – but Mike Fleming at Deadline suggests they will not retain the honor for James Bond 23.
Warner brothers and Fox are also in contention but Fleming (no relation to James Bond’s creator as far as we can tell) predicts the honor will go to Paramount because of a “close relationship” between Paramount and Spyglass.
Once the restructuring process commences there is real hope on the horizon for 007.
About Skyfall – James Bond 23 (2012)
The new Bond movie will star Daniel Craig, Javier Bardem, Ralph Fiennes, Naomie Harris, Berenice Marlohe, Albert Finney and Judi Dench, produced by Michael G. Wilson and Barbara Broccoli. The 007 screenplay will be written by regular James Bond scribes Neal Purvis and Robert Wade, working with John Logan (Gladiator & The Last Samurai). Director of American Beauty and Road To Perdition, Sam Mendes will be directing the new James Bond movie. MGM and Sony Pictures Entertainment in a joint statement on 2nd June 2011 announced that “Bond 23″ will go on release in the UK on Friday, 26th October, 2012 and in the USA on 9th November 2012. The first major announcement from EON Productions and Sony Pictures came on 3rd November 2011 in London when the principle cast was announced, along with a rough plot line. In Skyfall, Bond’s loyalty to M is tested as her past comes back to haunt her. As MI6 comes under attack, 007 must track down and destroy the threat, no matter how personal the cost.