From EON With Love

Phil Hitchen - Associate

Ben Hoyle, Arts Correspondent at The Times reported yesterday that EON Productions, the producer of the James Bond films, has announced that the 23rd installment in the series has been postponed indefinitely because of the financial woes of its distributor, Metro-Goldwyn-Mayer (MGM).

If you are a corporate buyer or investor you are only going to buy or invest in MGM if it makes commercial sense and you will get a return.

If a major factor in MGM income stream is the rights from the “Bond” films a buyer or investor will want to know that those rights and income stream are in place.

If there were few potential buyers or investors in the current climate the possibility of buying or investing in an MGM which doesn’t have the rights or the income from them in terms of new content is going to be a major put off.

I would be saddened if it causes any further delay with “The Hobbit” which has already been delayed due to contract/IPR disputes. Read more »