It seems that film studio MGM's financial peril could put two anticipated films at risk. According to Deadline Hollywood Daily, MGM recently held a conference call with its bondholders in a desperate plea for funding. It was said that the studio missed its financial earnings and was in need of $20 million to cover overhead and an additional $150 million to continue developing The Hobbit and the new untitled James Bond film, Bond 23.
So the bondhholders said to MGM, in essence, that they were going to let the studio go bankrupt and collect their money since they'd be first in line to get paid. But Cooper explained that this would be the worst possible outcome for the creditors and the company. Because if MGM were forced into bankruptcy, then it would lose James Bond and the studio doesn't think it can stay alive without 007. Also, a lot of other issues would surface that would tremendously hurt MGM.
Also, if MGM goes through bankruptcy, that's a very expensive prospect (where only the lawyers get rich), and extremely disruptive (since who would do business with MGM in the interim) and won't get the creditors what they want which is their money back. It's more than simply MGM losing Bond. The studio could lose a lot of other franchises.
CLICK HERE to read more on MGM's financial situation.