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Ridley and Tony Scott To Take Over at MGM?

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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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April 10th 2010 @ 14:24

Posted By: Eileen Johnson - Category: No Category

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Over.Exposure
1. April 11th 2010 @ 07:29. Spring-Heeled Jack Says:
I doubt the Scotts would risk hitching their own production company to the dead weight that is MGM at the moment. It's taken them a lot of years and a huge amount of effort to get to a point where the studios basically give them free reign. Attaching themselves to MGM in some capacity (either administrative or creative) may just carry enough investor confidence to keep the studio afloat though...


Screen Adventure
2. April 11th 2010 @ 12:21. ShaunK Says:
interesting news - thanks for sharing this....who knows what might come out of it?


Horrorphile
3. April 14th 2010 @ 03:15. Bryn Says:
Very curious indeed

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