Today we learn a very important lesson. MGM studios are now learning that their Scrooge McDuck swimming pools of money are empty and there is a direct connection between that and the ability to make movies.
Screen Junkies shares the public statement:
Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on ‘Bond 23′ indefinitely. We do not know when development will resume and do not have a date for the release of ‘Bond 23.’
I am really surprised that someone with deep pockets hasn’t picked up this studio yet. Maybe they will just have to piecemeal sell off the properties themselves.
Would be sad to see MGM not roar any more, but honestly these properties they have the rights for will not die with them.
