geekosystem

According to The LA Times, Blockbuster and its biggest debtors have already discussed their plans to declare bankruptcy by mid-September with Fox, Paramount, Sony, Universal, Disney and Warner Bros.

Blockbuster has lost a total of $1.1 billion since the beginning of 2008 and has been severely hamstrung in efforts to grow its business due to interest payments on $920 million in debt. Earlier this month the company announced that most of its debt holders had agreed to a forbearance on interest payments until Sept. 30, during which time it would attempt a recapitalization.

Blockbuster's bankruptcy looks like it's going to be something of a tangled mess of retail vs. Hollywood vs. digital connections.

The Mirror reports that MGM Studios, as part of its continuing money struggles as it tries to find another studio to buy it, has axed plans and pre-production for the 23rd James Bond film.

A glum insider said: “Members of the production crew have been told the Bond film has been canned.

“There is a lot of bad feeling as a lot of time, money and hard work has already gone into this.”

Indeed, the movie already had Sam Mendes lined up to direct and Daniel Craig to star.

It's no great revelation that a lot of exotic scenes in Hollywood movies aren't actually shot on location, but this fascinating map, produced by Paramount Studios in 1927 to reassure film financiers that they were capable of doing things on the cheap, shows just how California-centric the film industry can be. They even shot New England scenes in NorCal!

Men in Black was awesome. Men in Black II, which came out eight years ago, was eh. Where will the third Men in Black movie fall on the awesome-eh spectrum? Unclear, but there are three key facts which may sway you, confirmed by director Barry Sonnenfeld: The movie is "ready to roll," MiB stars Will Smith and Tommy Lee Jones have signed on, and -- brace for possible facepalm -- the movie's going to be in 3D.

The superhero rumor mill grinds right along with unverified news about who is in the running for the role of Captain America in the up coming film The First Avenger: Captain America.

The latest news, brought to the light of Internet by Cinemaspy.com, is that Chris Pine is at the top of the list to play The Captain. You may remember Pine from a recent J. J. Abrams-directed blockbuster fi - oh, lets stop beating around the bush. He's James Tiberius Kirk.