MGM is a sinking ship despite having lucritive franchises like James Bond and The Hobbit to fill its leaky coffers, but it seems that director brothers Ridley and Tony Scott are interested in running MGM.
Directors/Producers/Brothers Ridley and Tony Scott are reportedly interested in taking the reins at financially troubled MGM. According to the Financial Times [via Deadline], the brothers may take the reins at the company, which is currently $3.7 billion in debt, but also owns high-value properties The Hobbit and the James Bond franchise.
The Scott Brothers already have their own production company, Scott Free, and it’s currently unclear if that would be folded into MGM or if the brothers are looking for a stake in a recapitalized studio.
I am encouraged that these guys are taking interest in MGM, but I am puzzled why ANYONE would want to take on the debt burdened studio.
I think it would make far more sense for them to make a generous offer for their catalogue and move the big properties like Bond or The Hobbit under their own banner.
We will have to wait and see how this goes.
