MGM are, and have been for many years, deal­ing with sig­nif­i­cant finan­cial debts, to the tune of almost $4bn. With con­cerns about the company’s sol­vency, a recent con­fer­ence call debated whether the stu­dio should file for bank­ruptcy in a bid to gain back some of the oth­er­wise lost money.

Should this hap­pen, MGM’s assets might be sold to cover the debts, includ­ing the rights to the James Bond fran­chise, the poten­tial Robo­Cop remake could never see the light of day. This would inevitably delay Bond 23, and who knows what else.

MGM’s cur­rent plan is to con­vince cred­i­tors to waiver inter­est pay­ments until Jan­u­ary 2010, with that money instead going to fund new movies. There’s a lot up in the air right now, but we’ll keep you posted.