According to the FT report, Skyfall will be a drawcard for those looking to purchase their share of the big cat, recently emerged from bankruptcy. MGM has a long tradition of producing Bond films, since it subsumed UA (the original producer of Dr. No) in 1992. The timing of the 50th anniversary, Skyfall etc cannot be a better time to go public, yet there is no official date when the IPO (initial public offering) will start.
Dossiers tagged with "MGM"
The studio and producers have announced that James Bond will appear on the BIG big screen in Skyfall, with its first partnership with the Bond franchise, ever.
The film will open in IMAX concurrently with the regular cinemas on 9th November in the USA.
“It is fitting that with SKYFALL marking the 50th Anniversary of the James Bond franchise, we celebrate in epic style and what could be more larger-than-life than IMAX joining the festivities,” said Gary Barber and Roger Birnbaum, Co-Chairman and Chief Executive Officers of MGM.
LONDON, June 2, 2011 – MGM and Sony Pictures Entertainment are delighted to announce the UK release date for the eagerly anticipated 23rd James Bond adventure will be Friday, 26TH OCTOBER, 2012 opening at the Odeon Leicester Square and in cinemas across the UK and Ireland.
The film will open in the United States on November 9, 2012.
BOND 23 will see Daniel Craig continue his role as James Bond in the iconic movie franchise, with British director Sam Mendes at the helm of the as-yet untitled 23rd James Bond adventure. The film will be produced by Michael G. Wilson and Barbara Broccoli.
The last two films, Casino Royale and Quantum of Solace, had record-high grosses for the Bond franchise, with Casino Royale taking in $599 million in worldwide ticket sales and Quantum of Solace generating $577 million.
About Metro-Goldwyn-Mayer Studios Inc.
Metro-Goldwyn-Mayer Studios Inc. is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The company owns the world’s largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in domestic and international TV channels reaching over 130 countries. For more information, visit www.mgm.com.
About Sony Pictures Entertainment
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America, a subsidiary of Tokyo-based Sony Corporation. SPE’s global operations encompass motion picture production and distribution; television production and distribution; home entertainment acquisition and distribution; a global channel network; digital content creation and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of entertainment in more than 140 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.
About EON Productions
EON Productions Limited and Danjaq LLC are wholly owned and controlled by the Broccoli/Wilson family. Danjaq is the US based company that co-owns, with MGM, the copyright in the existing James Bond films and controls the right to produce future James Bond films as well as all worldwide merchandising. EON Productions, an affiliate of Danjaq, is the UK-based production company which makes the James Bond films. The 007 franchise is the longest running in film history with twenty-two films produced since 1962. Michael G Wilson and Barbara Broccoli took over the franchise from Albert R ‘Cubby’ Broccoli in 1995 and have produced some of the most successful Bond films ever, including Casino Royale and Quantum of Solace.
In the last 48 hours Metro-Goldwyn-Mayer announced that they had secured deals with their two parters Sony Pictures Entertainment and Twentieth Century Fox Home Entertainment. Sony will co-finance and theatrically market and distribute Bond 23. Fox keeps its hands on the back catalogue of DVDs, and MGM’s coveted archive.
“Twentieth Century Fox is a valued partner that has taken great care of the MGM library for many years with the highest degree of integrity,” said Gary Barber and Roger Birnbaum, Co-Chairmen and Chief Executive Officers of MGM.
Sony will be staying on and distributing Bond 23 and Bond 24 – having had extensive experience and success with Quantum of Solace and Casino Royale.
The announcement of the agreement to distribute Bond 23 adds another high-profile title to Sony’s 2012 slate, which also includes Men in Black 3 and The Amazing Spider-Man, as well as I Hate You, Dad, starring Adam Sandler, Here Comes the Boom, starring Kevin James, 21 Jump Street, Resident Evil 5 and Total Recall.
The announcement comes as no surprise to those following the events of MGM’s bankruptcy and refinancing. Fox and Paramount, who were the only other contenders dropped out of the bid for Bond in February.
Fans are rightly excited by the news as Sony has a good reputation for well-marketed films with high levels of fan interaction.
The studio that produced the previous two 007 adventures, Casino Royale and Quantum of Solace along with MGM, Sony, is set to reprise this role for Bond 23 … and Bond 24 – making this a consecutive 4 Bond pictures in the hands of Sony Pictures.
The LA Times explains, as part of the arrangement under discussion, Sony would fund half of MGM’s next James Bond movie, which is planned for release Nov. 9, 2012, and 25% of a potential follow-up.
Deadline have more news on the impending Sony/MGM partnership: the film that will be used to inject funds into a reborn Metro-Goldwyn-Mayer is likely to be Daniel Craig’s other high-profile picture: The Girl With The Dragon Tattoo.
The industry blog has learned that Sony Pictures bosses Amy Pascal and Michael Lynton agreed to give MGM a co-financing deal for the big title.
Again Deadline have the scoop that 007 may be roaring back into life with a little help from its old friends at Sony Pictures. The production company was involved in the distribution of Casino Royale and Quantum of Solace and was set to stand down – handing the reigns over to MGM – after the 22nd adventure.
But… what with the financial crisis the Big Cat has found itself in, MGM executives were on the prowl for a producing parter again.
It was rumoured earlier in the year that MGM’s new top brass were playing interested parties off against each other in order to get the best deal for MGM, long term.
Gary Barber and Roger Birnbaum who are now the Co-Chairmen and CEOs of Metro-Goldwyn-Mayer have convinced Sony to use the new James Bond movie as leverage on a number of other productions. Sony and MGM are currently negocitating the details of this joint venture.
Insiders at the major studios previously negotiating with MGM described Barber and Birnbaum as “enjoying” the process of dangling James Bond like a carrot in front of studios such as Fox or Paramount.
Deadline has learned that Pascal and Lynton have already found a title on the Sony slate for MGM to co-finance.
It is understood that hot contender Paramount has recently bowed out of negotiations.
A number of our fellow Bond fans were writing in with links to blogs all over the world running a story that reported (a) no director was attached and (b) MGM had put James Bond on hiatus – again!
Thankfully this story proved to be a misnomer. A prominent industry website was cited as the source of this news but the source page was quickly removed from the website once the error was noted.
The giveaway was that the sources cited Peter Morgan as attached to the production, however, the famed writer departed the Bond family some months ago. Some proactive blogs have since retracted the story, however, equally as many have yet to adjust their articles.
Bond fans do not despair!
With 500 million in funding under its belt, Metro-Goldwyn-Mayer is already planning where it can spend its newfound wealth.
However, first on the agenda will be, The Hobbit filmed in New Zealand next year. The Spyglass executives said they were “honored and inspired” to be leading MGM through the challenging time.
The question on industry experts’ lips is “who will be partnering with the big cat to bring us Bond 23? The release of Bond 23, optimistically scheduled for November 2011, would coincide with the50th anniversary of James Bond 007. Trade press Variety predicts that beyond Bond and The Lord Of The Rings prequel MGM’s slate is sorely lacking. Bond may prove the cat’s best hope.
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!”