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 projects as “Terminator 4″; one or two installments of “The Hobbit,” which Sloan hopes will be directed by Peter Jackson; and a sequel to “The Thomas Crown Affair” with Pierce Brosnan.
It has already announced a “Pink Panther” sequel and the next 007 pic “Bond 22,” due out in November 2008. “Rocky Balboa” unspools in February.
I'm personally a bit confused as to why The Hobbit is at MGM, and not New Line Cinema, but I guess that's the way purchases have gone. This news provides an interesting outlook on the upcoming few years of movies. Not only to finally see Arnold Schwarzenegger, who's been out of film for a couple years as the governor, come back and hopefully finish the Terminator series. In addition, The Hobbit, if done correctly, could top Lord of the Rings for being one of the most epic films ever.
Source :
FirstShowing.net » Terminator 4 and The Hobbit in the works from MGM!
Terminator 4 and The Hobbit in the works from MGM! 
