Spyglass Entertainment have showing lone interest in Metro Goldwyn Mayer (MGM), the studio that have a financial interest in James Bond 23.
Recently reports have surfaced about studio executives Gary Barber and Roger Birnbaum signing a non-binding letter of intent to take over the running of MGM. The big cat’s resources would be in the hands of the new studio and another distributor may be brought in to distribute future MGM/Spyglass features.
“MGM would need a large cash infusion to fund production of new movies including a planned James Bond sequel and two films based onĀ The Hobbit to be co-financed with Warner Bros,” predicted The LA Times.
Despite the much needed, but yet un-sourced, cash injection that it would take to get James Bond 007 back on his feet, it is undeniably good news for James Bond fans. The 007 franchise, along with the Pink Panther and Hobbit properties must be one of the biggest attraction for the Spyglass executives.
