Hollywood film studio Metro Goldwyn Mayer has begun plans to file for bankruptcy protection in an effort to rid itself of $4bn ( £2.5bn) of debts. The company behind the James Bond films wants more than 100 of its creditors to agree plans to enter chapter 11 bankruptcy while it restructures. Creditors will get a … Read more
The lights have officially gone out on Cheyenne Mountain Entertainment development has halted, on the long awaited and seriously overdue Stargate Worlds and their latest release Stargate Resistance has been sold to a new studio. The company itself has debts, liabilities and obligations in the region of $16 Million, $1.1 million being in payroll alone … Read more
Financial strife has been rife in the realm of the Stargate franchise, not only has Cheyenne Mountain Entertainment filed for chapter 11 bankruptcy protection it looks like MGM studios will soon be following their path. MGM have been looking to restructure their $3.7 billion debt levels for some time, however the struggle hasn’t abated it … Read more