Metro Goldwyn Mayer

(Newser) - MGM Studios, once the stuff of Hollywood legend, is on the chopping block: The first bids from potential buyers are expected in the next few weeks, reports Variety . MGM made only one film this year—the poorly-performing Fame—and, possibly even sadder, its future projects include the grim-sounding Hot Tub ...

(Newser) - Peter Jackson has resolved his lawsuit with New Line and plans to helm two much-hyped Hobbit films, the first due out in 2010, according to an Entertainment Weekly interview with MGM chief Harry Sloan. Jackson will co-write and may direct one or both films—unless he and New Line's Bob...