2010-06-22

ourdramaqueen: (Default)
2010-06-22 09:42 pm
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MGM update

http://www.theonering.net/torwp/2010/06/22/37180-spyglass-focused-on-running-mgm/

Spyglass Focused On Running MGM?

June 22nd, 2010 by DiveTwin | Source: Wall Street Journal

According to the Wall Street Journal, Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer Inc., according to people familiar with the matter. The beleaguered film studio races to restructure a roughly $4 billion debt load this summer.

Spyglass co-heads Gary Barber and Roger Birnbaum would run the studio as co-chief executives under a plan being discussed with MGM’s creditors, these people said.

The talks are continuing, and no final decisions have been made, the people said. You can read the entire article here.