Shaken And Stirred Over at MGM

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"Shaken, not stirred"-James Bond The issues with movie studio MGM have led to the death or halt of many projects, especially the James Bond franchise and the rebranding of the RoboCop series
writes the Financial Times.
This is a result of the huge decline in DVD sales, which is MGM's biggest cash generator. The revenue from this is now at $250 million, down from $500 million. MGM needs $300 million just to service its debt. As a result, the heavily popular James Bond film franchise is on hold now after having been rebooted with Daniel Craig as James Bond. The last two films, Casino Royale and Quantum of Solace have been wildly popular at the box office, having combined for $1.2 billion at the box office. Rumors resurfaced yesterday that legendary investor Kirk Kekorian is interested again in the company. The future of MGM is up in the air and only time will tell whether this Hollywood legend enjoys the fruits of Tinseltwon or goes belly up. Learn how to find the best
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Posted In: NewsRumorsMovers & ShakersManagementMarketsFinancial TimesJames BondKirk Kekorian
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