Poor MGM

I expect the financial woes of MGM are fairly well known by now, but just in case I'll provide a quick recap. Basically MGM ran out of money, was taking too long to get new movies in theatres and the creditors came calling. MGM officially put all current production on hold, including the new Bond movie, as the company desperatly looked for a way out.

After denying a bid from an Indian film studio, MGM were approached by Spyglass Entertainment. Spyglass presented their deal to MGM which comprised of a detailed restructuring plan; a plan that would immediately get all MGM properties back on schedule. MGM's board of lenders merely needed to vote to determine if the Spyglass deal would be accepted. 

Sadly Lionsgate decided it wasn't done with MGM yet and has hit them with a counter-proposal, a deal that would merge MGM and Lionsgate and give MGM the controlling share in the new company. Now the board are faced with scrapping the Spyglass deal to puruse the Lionsgate deal, or just going with the Spyglass deal and dismissing the Lionsgate offer.

Regardless of what they decide it looks like this will just delay things even further. I just want them to get the Bond movie back on track, and they more they dick around with legal drama the less chance there is of that actually happening.

Screenrant has the full article on this.