The timing of the project’s deadline coincided with a change of leadership at MGM and that may have played a role. It stands to reason that some or all of that was missing here.” It depends on the studio, what it qualifies as a green light. It can also be tied to a green light, which would require principal actors engaged and maybe an approved script and approved budget. “Normally, the option is tied to the commencement of principal photography by a certain date. “As a general matter, it is very surprising to see any franchise movie come to market because of a lapse of an option or a lapse in the rights,” Nick Soltman, a partner with Kinsella Weitzman Iser Kump Holley, said. Hollywood insiders were shocked that MGM would lose the rights to such an important franchise. “Films have gotten there faster in the past. “ “Certainly two years is long enough to get a movie to a starting date if it’s a tentpole,” said this veteran. However, a veteran Hollywood insider disputed that two years wasn’t enough to meet the deadline.
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