MGM WON’T HAVE TO FUND THE HOBBIT AFTER ALL
January 7, 2011 by admin · Leave a Comment
MGM has handed over foreign distribution of the two The Hobbit movies to Warner Bros. in exchange for Warners’ putting up the entire $530-million production budget for the movies, the Los Angeles Times reported today (Friday). A previous agreement called for the two studios to split the production costs, with Warners getting domestic distribution and […]
