Nikki Finke of Deadline Hollywood has reported that MGM is "teetering on bankruptcy". Oh God. The movie business really is ending. The 85 year old studio is a landmark in cinematic history and it would be really sad to see it go. Supposedly, it is $3.5 billion dollars in debt and the bondholders are ready to let it fail.Saturday, September 26, 2009
MGM is bankrupt?
Nikki Finke of Deadline Hollywood has reported that MGM is "teetering on bankruptcy". Oh God. The movie business really is ending. The 85 year old studio is a landmark in cinematic history and it would be really sad to see it go. Supposedly, it is $3.5 billion dollars in debt and the bondholders are ready to let it fail.
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