Many of us since the release of the Lord of the Rings series, have been aching to see more from our beloved series. That is why when they announced “The Hobbit” would also be made into a movie many of us were excited. But that may change. According to The Movie Blog, MGM (the studio producing the Hobbit) is on the verge of bankruptcy, which could put and end to any dreams of a Hobbit movie. (Then again, it may leave room for another studio to go out and pick it up should MGM fail as a company.)
In any case its pretty sad news to hear that a studio may collapse, and at the same time I need to wonder what happened to this studio. Hollywood recently reported one of there best summers in revenue, how could these guys not make money. These are the guys that brought us James Bond among other movies, something must be wrong here.