The money-strapped MGM studio has received numerous offers to be bought out, but none were anywhere near the $2 billion mark the company was looking for, the Hollywood Reporter announced on March 22.  In light of not receiving a valuable offer, the studio’s more than 100 debt holders will most likely instead decide to file for bankruptcy and reorganize the company.  However, for this to occur, two-thirds of the debt holders would have to agree to the reorganization. Other studios bid on MGM, including Lionsgate.  While it wasn’t immediately confirmed, it’s suspected that Time Warner also placed an offer.  MGM said it will review the bids it has received over  [ Read More ]

MGM just released this new movie trailer for the upcoming film “Fame” starring Asher Book as Marco, Kristy Flores as Rosie, Paul Iacono as Neil, Paul McGill as Kevin, Naturi Naughton as Denise, Kay Panabaker as Jenny, Kherington Payne as Alice, Collins Pennie as Malik, Walter Perez as Victor, and Anna Maria Perez de Tagle as Joy. Their instructors include Debbie Allen as Principal Simms, Charles S. Dutton as Alvin Dowd, Kelsey Grammer as Joel Cranston, Megan Mullally as Fran Rowan, and Bebe Neuwirth as Lynn Kraft. Film Synopsis: A reinvention of the original Oscar-winning hit film, Fame follows a talented group of dancers, singers, actors, and artists over four  [ Read More ]

Variety reports that MGM and the Farrelly brothers are closing in on their cast for The Three Stooges. Sean Penn is set to play Larry, Jim Carrey is in negotiations to play Curly and the studio is zeroing in on Benicio Del Toro to play Moe. Carrey will gain 40 pounds to portray his role in the film, whose script was written by the Farrelly brothers. The Three Stooges will not be a biopic, but rather a comedy built around the antics of the three characters Moe and Jerome “Curly” Howard and Larry Fine. The Farrelly brothers have attempted to make this film for more than a decade and have  [ Read More ]

MGM dropped us a line to let us know that they have officially acquired an option to develop the UK digital graphic novel sensation “The Many Worlds of Jonas Moore” as a possible television series. The announcement was made on August 19th, 2008 by Chris Ottinger, the Executive Vice President, Worldwide Television at MGM. “The Many Worlds of Jonas Moor is an exciting digital graphic novel that’s creating quite a sensation abroad,” said Ottinger. “We see this as a great concept that will make an exciting series for worldwide audiences.” “MGM is a great place for THE MANY WORLDS OF JONAS MOORE,” said Howard Webster, creator, producer and director of  [ Read More ]

Trailer for the upcoming film “Feast of Love” by director Robert Benton (Bad Company) and starring Morgan Freeman, Greg Kinnear and Selma Blair. Synopsis: A meditation on love and its various incarnations, set within a community of friends in Oregon. and is described as an exploration of the magical, mysterious and sometimes painful incarnations of love.