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MGM moving forward with big screen Outer Limits

Despite the studio’s on-going money issues, MGM has quietly moved forward with development on a big screen adaptation of the hit 1960s TV show The Outer Limits .

MGM has hired writers Patrick Melton and Marcus Dunstan — whose credits include four of the seven “Saw” films — to pen a feature take on the sci-fi series that aired on ABC from 1963-65. Deal is pegged at mid-six figures.

MGM has been in limbo for most of the past year. It received a sixth extension in mid-July on debt payments from its 140 creditors, who have given the beleaguered studio a forebearance that will expire Sept. 15. Around the same time as the latest extension, the Lion paid Melton and Dunstan for a feature “Outer Limits” script based on their take, which is due in October.

Source: Variety