Variety has reported that MGM plans to get back into the "tentpole" movie-making business, begginning with such high-profile projects as a fourth Terminator movie and one or two installments of The Hobbit, which the studio hopes will be directed by Lord of the Rings director, Peter Jackson.
Over the next few years, MGM is planning to release half a dozen films, some in the $150 million to $200 million-plus range, the trade paper reported. The studio has already announced a Pink Panther sequel and the upcoming 22nd James Bond movie, which is due out in November 2008.
The proposed films are all franchises to which MGM owns the rights through its 4,000-title library. The goal is to release two or three "tentpoles" a year, all of which will be made with financial partners, including Wall Street money or other studios, the trade paper reported.
Variety has reported that MGM plans to get back into the "tentpole" movie-making business, begginning with such high-profile projects as a fourth Terminator movie and one or two installments of The Hobbit, which the studio hopes will be directed by Lord of the Rings director, Peter Jackson. 
