The MGM lion has had many lives--the fabled studio has run through many chiefs over the decades, but Carl Icahn is not going to be one of them. Mary Parent is gone, and so is Harry Sloan, as well as UA's Tom Cruise and Paula Wagner. Finally, we know, the newest chieftans are the Spyglass duo Roger Birnbaum and Gary Barber; their plan to take over the studio after it emerges from bankruptcy has been approved by MGM's lenders, reports the LAT. The vote was delayed when Lionsgate's largest shareholder, agitator Carl Icahn, tried to mount a rival bid to buy MGM's debt for 53 cents on the dollar. Icahn also owns about 12% of MGM's debt, or $500 million.
- By Anne Thompson
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- October 29, 2010 10:28 AM
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- 0 Comments
Recent Comments
Love reading your stuff Anne! Honest, funny...there should be a documentary on the accommodations
Love reading your stuff Anne! Honest, funny...there should be a documentary on the accommodations
I still havenât seen the first Star Trek of 2009, so I havenât been compelled to go see this one