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June 11, 2010 - Red Dawn / movie indefinitely on hold

Scooped on Friday, June 11, 2010

Writing for The Los Angeles Times, Patrick Goldstein reports that MGM has indefinitely postponed the release of its Red Dawn remake because, as the writer puts it, "MGM has run out of money."

In recent months the makers of the next James Bond movie have had to put their production on hold due to the financial black hole that MGM finds itself in. Two weeks ago the two Hobbit movies in development at the studio suffered a major setback when director Guillermo del Toro exited the projects citing the uncertainty over the studio's future and filming the Lord of the Rings prequels.

Red Dawn has been scheduled for a November 2010 opening. It appears we must wait and see what happens to MGM before the movie will see the light of day.

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