Our Sponsor Sideshow Collectibles Send us News
Lord of the Rings Tolkien
Search Tolkien
Lord of The RingsTheOneRing.net - Forged By And For Fans Of JRR Tolkien
Lord of The Rings Serving Middle-Earth Since The First Age

Lord of the Rings Movie News - J.R.R. Tolkien
Do you enjoy the 100% volunteer, not for profit services of TheOneRing.net?
Consider a donation!

  Main Index   Search Posts   Who's Online   Log in
The One Ring Forums: Tolkien Topics: Movie Discussion: The Hobbit:
Tom Cruise (UA/MGM) raises 500mill$ for 15-18 films over next 5 years ...

Elven
Valinor


Aug 18 2007, 7:15pm


Views: 196
Shortcut
Tom Cruise (UA/MGM) raises 500mill$ for 15-18 films over next 5 years ... [In reply to] Can't Post

Remember once there was a rumour about Tom Cruise being involved with the Hobbit ... Wink


This article I thought interesting, because of the association with MGM, and also the recent financial talks ...

The article is here ... and is 2 page ... http://www.reuters.com/...dUSN1637815220070816
Written by By Bob Tourtellotte


Quote


LOS ANGELES (Reuters) - United Artists, the film company run by actor Tom Cruise and Chief Executive Paula Wagner,
said on Thursday it raised $500 million through Merrill Lynch to fund 15 to 18 movies over the next five years.

Wagner called the financing "a milestone event" for United Artists, which was revived last year by Cruise, Wagner and their
studio partner, Metro-Goldwyn-Mayer Inc.
"It leaves us perfectly poised to realize our vision of making movies that are both important and commercial," Wagner said
in a statement.
Financial details were not disclosed.
One of Hollywood's biggest box office draws, Cruise has starred in blockbusters like "Mission: Impossible" and Oscar contenders
such as "Jerry Maguire."
But last year, Cruise's long-time studio partner Paramount Pictures cut its ties to Cruise and Wagner following the release of
"Mission: Impossible III" -- an international hit with $264 million at overseas box offices, but only a modest success with $134 million
in U.S. and Canadian ticket sales.

Cruise and Wagner went to Metro-Goldwyn-Mayer where they partnered with the studio behind the James Bond movies to revive
United Artists.

Separately, a Metro-Goldwyn-Mayer spokesman refuted a published report that Goldman Sachs and Deutsche Bank had withdrawn from underwriting $1 billion in financing for MGM.
MGM's Jeff Pryor said the studio never had a firm deal with Goldman Sachs or Deutsche Bank, so there was never a commitment from which to withdraw. Continued...



Heart Elven


SILVERCHAIRS Daniel Johns gets the crowd going at the 'Big Day Out Festival' at Minas Tirith before Denethors famous stage dive.


Tolkien was a Capricorn!
..*sing & sway* "All we are saying ..Is Give Pete A Chance" ...
"Your friends are with you Peter"

Subject User Time
Movie financing , the credit crunch, and "The Hobbit" Idril Celebrindal Send a private message to Idril Celebrindal Aug 17 2007, 3:10pm
    Oh no! Not another hurtle... Patty Send a private message to Patty Aug 17 2007, 3:45pm
    MGM? FarFromHome Send a private message to FarFromHome Aug 17 2007, 3:45pm
        Well, they do have the distribution rights, after it's been made... Patty Send a private message to Patty Aug 17 2007, 3:50pm
            That's true FarFromHome Send a private message to FarFromHome Aug 17 2007, 3:55pm
                NZ's dollar Ataahua Send a private message to Ataahua Aug 17 2007, 8:34pm
                    Our died too Elven Send a private message to Elven Aug 18 2007, 3:14am
    Could be good news. Darkstone Send a private message to Darkstone Aug 17 2007, 4:06pm
        Yes. If our people hold up... Patty Send a private message to Patty Aug 17 2007, 4:19pm
    It's just temporary. Compa_Mighty Send a private message to Compa_Mighty Aug 17 2007, 10:22pm
    Tom Cruise (UA/MGM) raises 500mill$ for 15-18 films over next 5 years ... Elven Send a private message to Elven Aug 18 2007, 7:15pm
        Think Tom Cruise would make a good Bilbo? Darkstone Send a private message to Darkstone Aug 18 2007, 7:41pm
            Palpatations ... Elven Send a private message to Elven Aug 18 2007, 7:47pm
                Can't you just hear McKellen sonorously intoning... Darkstone Send a private message to Darkstone Aug 18 2007, 8:16pm
                    That Ataahua Send a private message to Ataahua Aug 18 2007, 9:03pm
        Sloans comments mentioning the Hobbit (ToRN homepage article) Elven Send a private message to Elven Aug 19 2007, 3:20am
            On a side note.... Sunflower Send a private message to Sunflower Aug 19 2007, 9:16pm
                PS Patty. Sunflower Send a private message to Sunflower Aug 19 2007, 9:21pm

 
 
 

Search for (options) Powered by Gossamer Forum v.1.2.3

home | advertising | contact us | back to top | search news | join list | Content Rating

This site is maintained and updated by fans of The Lord of the Rings, and is in no way affiliated with Tolkien Enterprises or the Tolkien Estate. We in no way claim the artwork displayed to be our own. Copyrights and trademarks for the books, films, articles, and other promotional materials are held by their respective owners and their use is allowed under the fair use clause of the Copyright Law. Design and original photography however are copyright © 1999-2012 TheOneRing.net. Binary hosting provided by Nexcess.net

Do not follow this link, or your host will be blocked from this site. This is a spider trap.