Ridley and Tony Scott To Take Over at MGM?
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Ridley Scott, Tony Scott, MGM
The Financial Times reports that Sir Ridley Scott and brother Tony Scott have expressed an interest in MGM, having submitted a restructuring plan to the lenders of the struggling studio. MGM is on the auction block, with $3.7 billion in debt. Time-Warner made a bid of $1.5 billion, but the studio's creditors would prefer that it remain a stand alone company and are looking for an infusion of capital to reduce the debt.
Ridley Scott (Blade Runner, Gladiator, American Gangster, and the upcoming Robin Hood) and Tony Scott (Top Gun, Crimson Tide, Man on Fire, and the upcoming Unstoppable) currently own Scott Free Productions. It is not clear if the brothers' plan would include combining MGM with their own company.
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