Fox currently releases the MGM library worldwide, but that deal ends in September. MGM has already closed a separate deal with Warner Bros. to finance and distribute Peter Jackson's The Hobbit; MGM owns half the rights. Sony seems to be the most eager to come to terms with MGM, but the deal is complex and far from complete, reports Ben Fritz:
As part of the arrangement under discussion, Sony would fund half of MGM's next James Bond movie, which is planned for release Nov. 9, 2012, and 25% of a potential follow-up. Sony co-financed and released MGM's last two Bond movies, "Casino Royale" and "Quantum of Solace," making it a logical home for Hollywood's longest-running franchise.
Sony would also release all future films made by MGM and the studio's already completed movies "Red Dawn" and "Cabin in the Woods," as well as handle sales of its 4,000-title library on DVD and digital platforms.