Stargate and MGM's Financial Woes

[wraithfodder]

Relevant Stargate portion from MGM article on financial woes...

From Deadline Hollywood blog:

Everyone knows that Mary Parent has been holding the studio together with the equivalent of chicken wire: specifically by partnering with studios left and right because they are willing to front the costs of each production. She also has been making some of the slate with the money from UA's deal with Merrill Lynch. Whether this convinces auditors that MGM is really in the movie biz, plus what is supposedly happening on the TV side (Stargate, BBC mini-series, etc) remains to be seen. If not, then MGM could be declared technically insolvent. And all hell breaks loose.

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You need to read the full blog entry, but if MGM goes under, I'd hate to see the Stargate franchise go down with it. Well, at least they're not in the automotive business...

Comments

[cimmerdeux.livejournal.com]

It'll effect SGU in the expectation's department. I don't know how much time it was going to get to gather its own audience but if there's money trouble I suspect that time has now been shortened to one season and a target number for the audience. Syfy isn't going to want to put money into the show and if MGM's deep pockets aren't backing it up and giving it time to find its legs.....

There's gonna be a lot of annoyed people if they don't start that SGA movie soon, not to mention the SG1 movie and even if BW and RC and MGM don't realize it, I'll bet Syfy does.

I still don't understand why they don't release their movies and shows for immediate, chargeable worldwide download like iTunes or something. SGA and SG1 were and are popular all over make some cash; stop spending 4 mil an episode on special effects and use to money to hire good writers so that the actors that are already popular have something to work with. These big guys really have to start thinking globally.