Skyfall

Michael G. Wilson and Barbara Broccoli of EON Productions, together with Gary Barber and Roger Birnbaum, Co-Chairmen and Chief Executive Officers of Metro-Goldwyn-Mayer Inc., today announced that the 23rd James Bond film will commence production in late 2011 for a worldwide release on November 9, 2012. Daniel Craig will be returning as the legendary British […]

Metro-Goldwyn-Mayer Inc. (“MGM”) today announced that the company’s restructuring has become effective, with exit financing of $500 million in place. The company’s “pre-packaged” plan of reorganization (the “Plan”) was confirmed on December 2, 2010, by the U.S. Bankruptcy Court for the Southern District of New York. “MGM is emerging from one of the most challenging […]

MGM’s plan to emerge from bankruptcy was given the green light today, the final roadblock to progress on Bond 23. The studio expects to emerge from bankruptcy in a few weeks after Judge Stuart Bernstein approved the plan at a hearing in Manhatten. According to an article in Variety: The Chapter 11 plan will eliminate […]

MGM looks like it might finally be getting back on its feet after it has been confirmed that a federal bankruptcy court is likely to give MGM’s bankruptcy plan the green light, pathing the way of new projects, such as Bond 23. The Dec. 2 hearing in Manhattan before Judge Stuart Bernstein will take place […]

MGM may still merge with Lions Gate, according to an article published by Reuters. MGM is currently in bankruptcy proceedings, which it is expected to emerge from before the year end. While the studio has announced that it plans to release Bond 23 in November 2012 and then produce a new James Bond film every […]

MGM filed for pre-packaged bankruptcy yesterday under the deal with Spyglass. Only days since Carl Icahn’s failed counter bid, things have moved swiftly to move MGM into its next phase. One of the most interesting pieces of news to emerge from MGM, according to Bloomberg, relates to Bond 23 and beyond: New James Bond films […]

Metro-Goldwyn-Mayer Inc. (“MGM”) today announced that the secured lenders voting in the Company’s solicitation process have overwhelmingly approved its proposed plan of reorganization (“Plan”). MGM will now move expeditiously to implement that Plan, which will dramatically reduce its debt load and put the Company in a strong position to execute its business strategy. MGM is […]

Carl Icahn just doesnt seem to know when to call it a day, but then, perhaps that’s why he’s worth billions. According to an article published by Reuters yesterday: Billionaire investor Carl Icahn stepped up his fight for control of film studio Metro-Goldwyn-Mayer Inc on Thursday, offering to buy senior debt from creditors willing to […]

Metro-Goldwyn-Mayer Inc. (MGM), yesterday distributed a supplement to the solicitation package that was originally distributed to MGM’s secured lenders on October 7, 2010.  The supplement contains additional details to the Company’s financial information included in the original solicitation materials.  In order to provide lenders sufficient time to review the supplemental information, MGM has extended the […]

Carl C. Icahn released the following statement on October 12th: “We are holders of significant positions in both Lions Gate stock and MGM debt. Today, Lions Gate has made a proposal to combine these two companies. We believe that this combination of Lions Gate and MGM would enhance value for all constituencies and we believe […]