Despite not having the ability to financially back films The Hobbit and the latest James Bond project — along with owing money to 140 creditors — MGM requested an extension while investing six figures in a film adaptation of The Outer Limits, which is to be written by Saw screenwriters Patrick Melton and Marcus Dunstan.

Are they trying to intentionally fail? MGM is fumbling with two film projects that are guaranteed draws while putting money in one that’s adapting a sci-fi show from the 60s — smart. Maybe after that they can ask for another extension from their creditors, and then throw money at a movie adaptation of Heroes.

[AV Club]