http://www.deadline.com/hollywood/exclu ... le-outcom/

I wonder how many of those bond holders have credit default swaps as well? That would seriously alter their options. They could drive the company into bankruptcy and get 100% back via the CDS. Though that would cost the banks money. The problem for MGM is that they have paid crazy money to the stars and the films have bombed financially.

The Hobbit is is no danger at all. If MGM go bust someone else will make it, and they'll do it sooner rather than later to cash in on the Lord Of The Rings hype.

Actually they may even get Peter Jackson back on board. That was one of the problems with the new film.

I believe he's working closely with Del Toro on it anyway IIRC, though it'll still be more of a Del Toro film no doubt.