Does Spyglass Mean New Life For Hobbit and James Bond 23?

According to THR, it just might. Earlier today they reported that Spyglass Entertainment and MGM are working on a deal that could turn all of the big cat’s debt into equity. However, there could be one little snag in the deal. For the plan to be approved, 51% of the of the lenders, representing 2/3 of the actual debt have to sign off.

If all goes well than this could finally solve a lot of the money problems the studio has been having… just a couple months too late to keep Guillermo Del Toro though… On the upside, with the cash problem fixed, they can finally get going on Hobbit and the new 007 movie… both of which could actually bring in some real money to the falling Hollywood Giant.