MGM Bankruptcy Stalls ‘Three Stooges’, ‘Robocop’ and More

Published 5 years ago by , Updated February 15th, 2014 at 4:29 pm,

three stooges MGM Bankruptcy Stalls Three Stooges, Robocop and More

MGM’s bankruptcy has already delayed the next Bond movie and left The Hobbit without a director, and as predicted,  the subsequent fallout continues to claim victims.

We recently reported that the Red Dawn remake has been shelved indefinitely (it’s currently in post-production), and now we have updates on several other films that you won’t be seeing in the near future, thanks yet again to MGM’s money troubles.

Remember The Three Stooges movie that was suppossed to come out? The Farrelly Brothers were directing it, Sean Penn was circling the role of Larry, Benicio Del Toro had reportedly been circling Moe for a longtime… Even Jim Carey was rumored for Curly at one point.

Well, none of that matters now, the film is stalled. No Three Stooges anytime soon (some thought it would be out this year :-P).

robocop feat 570x382 MGM Bankruptcy Stalls Three Stooges, Robocop and More

How about the Robocop reboot that Darren Aronofsky (The Wrestler) was trying to make happen? Last word was that Aronofsky was still attached and that he was trying to handle logistics about the film’s format (big-budget 3D or low-budget gritty), while waiting on word about MGM’s financial situation.

Well, the word was bad, so don’t expect Robocop anytime soon. I also wouldn’t hold my breath for Aronofsky to direct at this point.

A lot of horror fans have been waiting on The Cabin in the Woods, a movie written by Avengers director Joss Whedon, for a long time. Cabin was suppossed to be out this year, it’s already in the can, but like Red Dawn, MGM has no marketing and promotion money to launch the films with.

Sorry Whedon/horror fans, you won’t be visiting Cabin in the Woods anytime soon.

Finally, there’s The Matarese Circle, a movie adapted from a novel by author Robert Ludlum (the Bourne series), which director David Cronenberg (Eastern Promises) was co-writing and possibly directing. The story was about an intelligence agent who partners with a KGB agent to bring down a secret cabal who have infiltrated the highest levels of power.

Last word was that Cronenberg was pulling Tom Cruise and Denzel Washington onto the project, which would’ve been pretty spectacular. Not that it matters now – the project has been stalled.

spyglass entertainment MGM Bankruptcy Stalls Three Stooges, Robocop and More

If there is any silver lining to this drab news, it’s that MGM may soon have a resolution to it’s problems. Deadline reports that the studio may fall under the control of Spyglass Entertainment, which would transform MGM into a production-only company, axing its marketing and distribution branches, thereby (supposedly) saving costs.

Studios Lionsgate and Summit Entertainment are said to still be at the table, but if Spyglass Entertainment has its way, MGM could potentially take all of these stalled properties and pass them off to other studios, which could then distribute them. We, as moviegoers would win; it remains to be seen which option would most benefit MGM.

Well, that’s the update. Sorry it’s bad news. We’ll let you know if anything new develops with any of the mentioned movies.

Keep up with things on Twitter: @screenrant

Sources: Deadline via The Playlist

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  1. That sucks.

    Hopefully these films will someday get released/made because some of them sound pretty freaking amazing

  2. I was mostly forward to Red Dawn, I saw the original in the theater when I was a teen.

  3. Are there any known Mgm films finished filming and ready for release or any films still filming?

    If so any of these films of a chance at being big successes?

  4. all i want is Red Dawn to be released sinces its already almost done.

    they should sell all the rights of any big projects they own (hobbit, robocop, james bond) and then just produce some low-budget indi films for a while. make their money back

  5. Sorry to see another great old Hollywood studio come to a pass like this! How does this affect their casino and hotel arm or is that already sold off?

  6. How is this bad news, aside from Cabin In The Woods?

    I wasn’t looking forward to the Robo redux; the Three Stooges was a horrible idea, I wasn’t hyped over the Red Dawn remake. Giving up rights on Hobbit over to WB/New Line is the best thing to do, and Bond? Give all those rights to Sony instead of half. Problem solved.

    The projects that aren’t filmed yet were in development; they could easily be put in turnaround and those respected filmmakers can go do other things. In the case of one of my favorite directors – Cronenberg- he’s got a few other things on his plate of possibles, doesn’t he?

    How’s that new FLY version coming? Should we see any progress on that now?

    I don’t want MGM to fade away.
    The real sad news is that the last released MGM film could very well be Hot Tub Time Machine.

    • they are remaking the fly? bad enough robocop, but the fly too lol damn damn shame

      • I agree. Id hate to see Robocop remade. I thought the first film was awesome, 2nd film good, 3rd film was ok to watch, mainly because i liked Robocop acquire his flightpack & Alternate weapon to attach to his left arm. But the Straight to dvds i didnt enjoy and were milkin the franchise. It should of ended with 3. I hope The Fly & Robocop films stay left alone.

        • the film still has one of the most shocking and graphic death scenes to this day

        • about robo 3, cant comment on it, as it drew two red flags for me from the time i heard about it lol…no Weller, and a PG-13 rating,i really dislike PG-13 sequels and will avoid them

  7. The only MGM film I really care about is The Hobbit, but damn, I hate to see so many films getting stalled like this. It’s not good from anyone’s point of view.

  8. I read Weller might of reprised his role in Robocop 3, but he was already committed to another film at the time. I didnt mind Robert Burke. PG-13 sequels reall dont bother me aslong as they’re decent & enjoyable to watch. Straight to dvd sequels is usually dont impress me, so far the only franchises that had straight to dvd sequel i could sit and watch would be Tremors & Wrong Turn, other than that every other dvd sequel i didnt like.

  9. “The last released MGM film could very well be Hot Tub Time Machine.”
    Well that pretty much sums up why they’re going under.
    Anthony avoid Robo 3 its bad in a bad way. ;-)

    • lol 790, believe me i was never ever ever intending on seeing it, PG-13 sequels aucks, as do recastings, bad juju for films

  10. Like it or not people Hot Tube Time Machine made a profit and had better reviews than alot of this years crap. It’d certainly nothing to do with the reason MGM is going under.

  11. Haaahaa, the rating was nothing compared to the script.

    Laughably bad. Should be in the Bad Film Hall of Fame.

  12. I hope Red Dawn gets released, the film is finished, it was
    supposed to come out November 24th, 2010. But a combination of MGM
    money woes and the Chinese press getting hot under the collar over the script has put the film in TBA status. I say release it November 24th.

  13. I hope “Stargate: Universe” gets canned.

  14. What did they expect? They pay insane amounts of money for these so called stars, spend millions on movies without a proper script banking on special effects, and are re-making movies people have already seen instead of producing original material.

    I only wonder how the movie industry was able to survive in the 70′s and 80′s when movies made a lot less money and they didn’t have the advantage of selling DVDs for extra capital.

    It’s a case of gross missmanagement, followed by insane salaries and complete lack of originality.

    I for one am happy but doubt the industry will learn from it. They will blame the internet instead.

  15. Call me when the stooge movie is released ..I am waiting!