Now Deadline Hollywood is reporting that money problems over at MGM Studios have put the films at risk again. MGM is co-financing the movies with New Line, but the problem is, MGM is running out of funds.
We're not experts at studio financing, but it seems like investing in The Hobbit is a no-brainer, so hopefully MGM can find some more money soon. If not, we suggest adding a PayPal button to the MGM Web site to take donations.
"MGM said it needed $20M in short-term cash flow to cover overhead, and an additional $150 million to get through the end of year and continue funding its projects, and to start Peter Jackson's Hobbit."