MGM Buyout deal

MGM have gone from bad to worse in the financial meltdown that their in already, as not only have they already filed for bankrupcy but the filming for "Bond 23" has been put back to later than previously planned because two big hitters that could save the company Lions Gate and a billionaire Carl Icahn.


The plan at the moment to boost distribution by Spyglass Entertainment is to release a bond film every second year. So this new bond will be released in November 2010. However, Spyglass are still looking for an equal money partner for this new bond so as to share all the production costs. But Spyglass at the moment wants to own 50% of Bond 23. These preposed big hitters that it wants to share production costs are:

•                                           Sony and Paramount