Click to Skip Ad
Closing in...

Blogroll

Thompson on Hollywood

MGM Catches Reprieve from Lenders, Part Deux

For the second time, MGM is catching a break from its lenders, as the venerable studio officially goes on the block. It has been fighting to stay in business, while keeping up with even the interest owed on its staggering $3.7-billion debt. So far MGM has avoided being forced into bankruptcy by its creditors, which would have decreased the value of the company, which still owns a 4,000-title movie library as well as the Bond and Pink Panther franchise. UPDATE: Potential buyers include Lions Gate, Time Warner and Viacom.
  • By Anne Thompson
  • |
  • November 14, 2009 2:42 AM
  • |
  • 0 Comments
More: Studios, MGM/UA

Epix Launches October 30

Epix Launches October 30
When I first heard that three studios--Lionsgate, MGM and Paramount--were bypassing pay-TV deals in favor of a new online streaming venture, I thought the new distribution order was at hand. While the other studios were still hung up on the old ancillary paradigm, this gang was skipping windows and jumping into the future.
  • By Anne Thompson
  • |
  • October 30, 2009 12:45 PM
  • |
  • 2 Comments

MGM Catches Reprieve from Lenders

MGM has been under serious duress as it attempts to stay in business, while keeping up with even the interest owed on its staggering $3.7-billion debt. While the following statement indicates that the company will be relieved of three interest payments, there are miles to go before MGM comes out in the clear. The struggling studio has avoided being forced into bankruptcy by its creditors, which would have decreased the value of the company, which still owns a 4,000-title movie library as well as the Bond and Pink Panther franchises.
  • By Anne Thompson
  • |
  • October 1, 2009 11:27 AM
  • |
  • 0 Comments

Hollywood Health Report

Hollywood Health Report
Each day brings more news of a troubled company needing debt restructuring or a management overhaul. The Weinstein Co. and MGM are just the latest examples. All the studios face pressure from their corporate parents in a grim recession amid declining ad and DVD revenues. Sales are down across the board, including classic rereleases, and less precipitously, specialty titles.
  • By Anne Thompson
  • |
  • August 18, 2009 7:43 AM
  • |
  • 3 Comments

Email Updates