The financial woes of a Hollywood studio usually don't interest anyone but the studio executives and their cocaine dealers, but the troubles facing MGM have recently become newsworthy for the common movie fan. Because of the company's insolvency (it has some 140 creditors that it can't pay, and put itself up for sale last November), plans for the Hobbit movies and the next James Bond film have been put on hold. Movies like that cost hundreds of millions to make, and MGM doesn't have hundreds of millions. MGM barely has hundreds of hundreds.

In the midst of this crisis, MGM went looking around in the attic to see what else it owns the rights to, and what do you know, there in a musty old trunk, stashed between a Munchkin corpse and some Tom & Jerry slash fiction, was The Outer Limits. You may recall this sci-fi anthology TV series from its original network run between 1963 and 1965. You may also recall its 1995-2002 revival on Showtime, subsequently on Sci-Fi. You may also recall neither of these. I don't want to limit your options.

The point is, MGM has decided the best use of what little money it has would be to pay a couple of guys from the Saw movies a few hundred thousand dollars to write an Outer Limits screenplay, in the hopes that the magic Outer Limits beans will grow into a beanstalk that will lead to the acquisition of a gold-crapping goose to fund The Hobbit.
categories Cinematical