MGM was nearly dead, but the company's just about to start distributing their own flicks again, and their first big entry will be ... "Rocky Balboa." And get this: They plan to release the movie on Dec. 22nd, in the middle of a rather crowded marketplace.

According to Variety, "Sixth installment in the boxing franchise is being co-financed by the Lion, Sony and Revolution. When pic was first announced last fall, MGM hadn't yet relaunched as a distribution and marketing entity and Sony was set to distribute. Deal marks a coming home of sorts, as all five previous "Rocky" pics were made by United Artists, which MGM bought in 1981. Christmas weekend release date is a crowded one that also includes the bows of "Dreamgirls," "Charlotte's Web," and "The Good Shepherd."