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ourdramaqueenhttp://today.reuters.com/news/articlenews.aspx?type=industryNews&storyID=2007-02-27T225851Z_01_N27402293_RTRIDST_0_INDUSTRY-MGM-SLOAN-DC.XML&pageNumber=1&imageid=&cap=&sz=13&WTModLoc=NewsArt-C1-ArticlePage1
Tue Feb 27, 2007 5:58pm ET
By Svea Herbst-Bayliss
BOSTON (Reuters) - Metro-Goldwyn-Mayer Inc. is raising hundreds of millions of dollars to produce sequels to some of its most popular films, such as The Terminator and The Pink Panther, at a time Wall Street investors are eager to pay for movie making in Hollywood, the company's chairman said.
"We are putting together a fund to finance our franchise movies -- James Bond, The Pink Panther, The Terminator and The Hobbit," MGM Chairman Harry Sloan told reporters, explaining the financing may be raised in more than one single fund.
The $60 million to $150 million it will take to make each of these movies "is a big enough number to merit bringing in outside investors and outside financing," Sloan said after a luncheon at the Boston College Executives Club.
This is the only mention of The Hobbit - full text at the link above, for those interested.
Tue Feb 27, 2007 5:58pm ET
By Svea Herbst-Bayliss
BOSTON (Reuters) - Metro-Goldwyn-Mayer Inc. is raising hundreds of millions of dollars to produce sequels to some of its most popular films, such as The Terminator and The Pink Panther, at a time Wall Street investors are eager to pay for movie making in Hollywood, the company's chairman said.
"We are putting together a fund to finance our franchise movies -- James Bond, The Pink Panther, The Terminator and The Hobbit," MGM Chairman Harry Sloan told reporters, explaining the financing may be raised in more than one single fund.
The $60 million to $150 million it will take to make each of these movies "is a big enough number to merit bringing in outside investors and outside financing," Sloan said after a luncheon at the Boston College Executives Club.
This is the only mention of The Hobbit - full text at the link above, for those interested.
