If the word coming out of Hollywood this evening is correct, we are about to lose a huge piece of cinematic history. MGM, which boasts one of the best known logos in the entertainment business and a library of some 4,000 films, could be placed on the auction block due to its massive $3.7 billion debt.
Word has broken from MGM about their proposed remake of the classic film Poltergeist. The studio has slated the film for release on November 24, 2010, just in time for Thanksgiving weekend. Vadim Perelman (House of Sand and Fog) is attached to direct.
Well, it sounds like the new Poltergeist is very close to having itself a new director: House of Sand & Fog helmer Vadim Perelman, or so reports the folks at THR this morning.