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Ray Pride

By Ray Pride

[PR] MGM/UA not for sale, sez MGM/UA

“STATEMENT FROM METRO-GOLDWYN-MAYER STUDIOS INC…. LOS ANGELES, CA August 25, 2008– Contrary to recent media reports, Metro-Goldwyn-Mayer Studios Inc. (MGM) is not for sale. There is no “asking price” for the company. MGM’s mgm68.jpgexisting financing arrangements are sufficient to meet its needs. Goldman, Sachs has been retained to explore enhancements to MGM’s long-term capital structure. All of the MGM shareholders, including Providence Equity Partners, TPG, Sony Corp. Of America and Comcast Corp, are pleased with the Company’s current momentum and are committed to the future growth of the studio.” [Not that momentous, but it’s a good excuse to run this MGM logo that’s been defunct for over 30 years. I wonder if it was the one in front of the print of Ice Station Zebra that Howard Hughes watched over and over and over…]

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“I think [technology has[ its made my life faster, it’s made the ability to succeed easier. But has that made my life better? Is it better now than it was in the eighties or seventies? I don’t think we are happier. Maybe because I’m 55, I really am asking these questions… I really want to do meaningful things! This is also the time that I really want to focus on directing. I think that I will act less and less. I’ve been doing it for 52 years. It’s a long time to do one thing and I feel like there are a lot of stories that I got out of my system that I don’t need to tell anymore. I don’t need to ever do The Accused again! That is never going to happen again! You hit these milestones as an actor, and then you say, ‘Now what? Now what do I have to say?'”
~ Jodie Foster

“If there’s one rule Hollywood has metaphysically proven in its century of experimentation, it’s that there’s no amount of money you can’t squander in the quest for hits.

“Netflix has spent the past couple years attempting to brute-force jailbreak this law. Its counter-theory has seemed to be, sure, a billion dollars doesn’t guarantee quality but how about three billion dollars? How about five billion dollars? Seven?

“This week’s latest cinematic opus to run across no-man’s-land into the machine-gun emplacements has been the Jared Leto yakuza movie ‘The Outsider.’ Once again, debuting on Netflix, another thing called a movie that at one glance doesn’t look like any kind of movie anyone has ever seen before, outside of off-prime time screenings at the AFM.

“If you’re working at a normal studio, you have one or two of these total misfires in a year and people start calling for your head. How many is Netflix going on? Fifteen? Twenty? This quarter? Any normal company would be getting murdered over results like that.”
~ Richard Rushfield