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The Hobbit Film and MGMPosted by:According to Variety, Sony is not able to pull itself together to pick up MGM. So it looks like Time Warner will swoop in and pick up MGM Studios. If this is true that means that all of the Rings films will be under one studio making it possible to flm The Hobbit sooner than expected.
Since the holdup isn't on the MGM side at all, but still resides at Sony. The conglom and its two equity partners, Texas Pacific and Providence Equity, are struggling to get onto the same page. Since Sony isn't the one putting up the cash, it can't control the process. So right now only time will tell.
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