Metro-Goldwyn-Mayer Inc. said today in an e-mailed press release it got another extension for repaying its debt, this one lasting until Oct. 29. Here’s the start of a STORY BY REUTERS that reported the news:
Metro-Goldwyn-Mayer [MGMYR.UL] said on Wednesday that its lenders agreed to extend a deadline for debt payments as the film studio prepares to be handed over to film company Spyglass Entertainment.
A source familar with the matter said last week that the founders of Spyglass signed a nonbinding letter of intent to take over MGM, which is struggling with about $4 billion of debt after being bought out in 2005.
Nothing new about the possible Spyglass deal in today’s announcement, much less whether (as fans hope), it will get Bond 23 out of its current state of limbo.
UPDATE: Nikki Finke weighs in on her Deadline site which YOU CAN VIEW BY CLICKING HERE. She sounds as tired of these debt extensions as most Bond fans.
Filed under: James Bond Films | Tagged: Bond 23, Bond 23 indefinitely delayed, James Bond Films, Metro-Goldwyn-Mayer, MGM's financial troubles putting Bond 23 in limbo, Nikki Finke's Deadline Web site, Reuters | 2 Comments »
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