MGM announced that it was developing new feature-film installments in the RoboCop and Outer Limits franchises in a news release announcing the appointment of Mary Parent as chairperson of the worldwide motion picture group, a new position.

"MGM is planning an exciting fall and winter release schedule," the news release, dated March 13, said. "In partnership with Sony Pictures Entertainment, MGM will bring new installments of two of its tentpole franchises--the new James Bond movie Quantum of Solace and Steve Martin in Pink Panther 2. MGM will also release United Artists' international thriller Valkyrie, starring Tom Cruise, on Oct. 3. With the appointment of Parent, MGM will enter its new phase of evolution by focusing on its major movie franchises highlighted by James Bond and Pink Panther sequels, The Hobbit, Thomas Crown Affair 2, The Outer Limits, RoboCop, Death Wish and Fame, among others."

The release offered no further details on its development slate.