Dossiers tagged with "Paramount"

Bond 23 on the verge of being distributed by old hands, Sony

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.

Tags: , , , , , , ,

MGM/Spyglass deal struck – Industry news debates who will distribute James Bond 23

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.

Tags: , , , , , , , , , ,