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Mgm Revenue Soars 164 Percent

The long-suffering MGM film studio on Wednesday reported that its revenue shot up 164 percent in its fiscal second quarter to $339 million. Although profit was down 16 percent in the quarter from 2012, the...

New Bond Due Out Within Three Years

The 24th Bond movie will be released within the next three years.Studio MGM is currently developing the screenplay for the latest 007 installment - which will be a follow-up to 'Skyfall', the most successful Bond...

007 To Return To Screen In 2012

It still doesn't have a title and only a few months ago rumors were flying that the script was not up to snuff, but the producers of the James Bond movies said Tuesday that "Bond...

Mgm Won't Have To Fund The Hobbit After All

MGM has handed over foreign distribution of the two The Hobbit movies to Warner Bros. in exchange for Warners' putting up the entire $530-million production budget for the movies, the Los Angeles Times reported today...

Mgm Emerges From Bankruptcy Protection

Leo the Lion roared back to life on Monday as MGM said that it had emerged from bankruptcy protection with $500 million to fund new movies and television shows. The company is now owned by...

Court Approves Mgm's "Prepackaged" Bankruptcy

A federal bankruptcy court in New York has approved the so-called prepackaged bankruptcy of MGM that effectively makes the historic studio's lenders its new owners and lifts Spyglass Entertainment founders Gary Barber and Roger Birnbaum...

Icahn A Lion Tamer?

Activist investor Carl Icahn may be turning out to be a more influential figure in the resurrection of MGM than earlier reports had indicated. According to today's (Thursday) New York Post , besides securing for...

Mgm Submits "Pre-packaged" Bankruptcy

MGM finally filed its "pre-packaged" bankruptcy plan today (Friday), following years of struggle to lift itself out from under a debt load that it occurred when its owners acquired it from investor Kirk Kerkorian in...

Icahn Makes New Move In Mgm Gambit

Continuing to play a fascinating game of high-stakes chess, activist investor Carl Icahn on Wednesday made his third offer within a week to MGM debtholders. Icahn said he would pay 50 cents on the dollars...

Icahn Sweetens His Deal For Mgm

Given widespread reports that MGM's largest creditors prefer the deal offered by Spyglass Entertainment that would convert their debt into 95 percent ownership of a new company headed by Spyglass chiefs Gary Barber and Roger...

Mgm -- Going Out Like A Lamb?

MGM would appear to be the latest media company to fall into bankruptcy after being sold to owners who paid too much for it in a leveraged buyout ($4.8 billion) and then discovered that they...

Lenders Give Mgm Another Reprieve

Talk about "forbearance!" For the seventh time, MGM lenders on Wednesday agreed to allow MGM to put off interest and principal payments until Oct. 29 while Spyglass Entertainment and its backers finalize plans to take...

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So What Does Stephen Hawking Think About Zayn Malik Leaving One Direction?

We all know Stephen Hawking is a genius who can give us answers on...

Jay-Z Takes To Twitter To Defend Tidal, "We Are Here For The Long Haul"

Infrequent tweeter Jay-Z took to Twitter on Sunday to drop a few #TidalFacts...

Amy Winehouse's Father Mitch Says Daughter "Would Be Furious" Over Upcoming Documentary

Amy Winehouse’s father Mitch has spoken out against the upcoming...

Final Show Of Jack White's Acoustic Tour To Stream On Tidal

The final show of Jack White’s five date acoustic tour will be streamed on...

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Judge Rules That Taking Your Child To A Pink Concert Cannot Be Considered Bad Parenting

This is probably the weird story of the day – that time a judge ruled that...

No Victims, No Suspect in the Atlanta Shooting, Which Allegedly Targeted Lil Wayne's Tour Bus

Lil Wayne’s tour bus was the target of a shooting early on Sunday morning...

Wiz Khalifa's 'See You Again' Tops UK Chart For Second Week And Breaks Streaming Record

Wiz Khalifa is on top of the UK chart for a second week with his Paul...

'Goodfellas' Cast Celebrate 25th Anniversary At Tribeca Film Festival

The Tribeca Film Festival ended on Saturday, with a special celebration...

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