There are strong reports circulating that some kind of deal between Spyglass Entertainment and MGM -
The deal is expected to go through within days and Spyglass would be likely to concentrate on pushing through the Bond and Hobbit movies.
MGM owes about $4 billion (£2.5 billion) to around 140 creditors, including a major bank and hedge fund, and has been struggling to pay interest on its debts.
Its library consists of around 4,000 films and its famous roaring lion logo has been seen at the start of classics including Ben-Hur and The Wizard of Oz.
The studio is currently in the hands of a consortium which includes Sony, Comcast and several private equity firms.
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