Terminator 4 and The Hobbit in the works from MGM
In an article on Variety today, they reported that MGM will have a number of very big $150-200 Million projects that would be in development over the next few years, including Terminator 4, The Hobbit, and a sequel to The Thomas Crown Affair. This strategy, called the tentpole strategy, is one that MGM is implementing in an attempt to recover from their 40-year slump.
Over the next few years, MGM is planning to release half a dozen films, some in the $150 million to $200 million-plus range. Studio is ready to unveil such high-profile...
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