Today MGM’s proposal for pre-packed bankruptcy was approved by a federal court.
“Today’s ruling is an important milestone for MGM,” said Co-Chief Executive Officer Stephen Cooper. “Thanks to the support of our lenders and the hard work of our employees, we have moved through the restructuring process quickly. By dramatically reducing MGM’s debt load and providing MGM with access to new capital, the reorganization plan the Court confirmed today will enable MGM to emerge from this process with a solid financial foundation and will position MGM to be a successful studio going forward.”
MGM expects the Plan to become effective by mid-December, once the conditions of effectiveness have been met.
Regular 007 music man, David Arnold has confirmed that plans are afoot in relation to James Bond 23.
Speaking to Film Music Magazine, Arnold said that they “just got the news that we’re back on.” Nonetheless the composer is keeping defiantly scilent, saying he “will keep quiet until I get a script and then start writing ideas.”
David Arnold, a lifelong Bond fan, prior to writing the music, stated: “I’m looking forward to a great script for it, alongside every other Bond fan in the world!”
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.