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MGM business plan eases way for 'Hobbit,' 'Bond'

As far as Peter Jackson's two-part "Hobbit" and the James Bond series are concerned, the show will go on full force and as soon as possible. That's the major news for moviegoers hidden in the business story of how once-great MGM will be reorganized after it exits Chapter 11 (in as little time as a month). The "Hobbit" two-parter and the Bond series are the only imminent (and eminent) titles mentioned in the first reports of the plan. For details of "the pre-packaged bankruptcy" and the proposed set-up of the studio under Spyglass Entertainment's Gary Barber and Roger Birnbaum, click here.

How relieved are Daniel Craig or Bond fans that Craig may now get another turn or two as 007? (That's Craig in "Quantum of Solace," right.) And were you losing hope that "The Hobbit" (cofinanced with Warner Bros.) would ever reach the screen? (After a huddle with  Warner Bros. executives, New Zealand Prime Minister John Key announced a week ago  that "The Hobbit" will definitely be produced in Kiwi Nation, just like the "Lord of the Rings" trilogy, despite union dust-ups.)

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