July 27 : 2010
The MGM mess explained
On Friday the Financial Times posted a long story that give the best and most comprehensible rundown on the MGM financial mess that I’ve seen. There’s some history of the studio itself, but then a clear explanation of the people involved and how and why MGM got into such a mess. Also why it can’t get loans to make any more films, including The Hobbit, until some way is found to restructure the studio. Not surprisingly, the failure of the many creditors to agree on a solution is a big factor.



