Jonathan Glickman has signed a new contract as president of the MGM motion picture group in an agreement that extends his term to 2017.
Deal was announced Monday by chairman and CEO Gary Barber and the announcement comes two weeks after MGM made Barber the sole topper, with Roger Birnbaum shedding his titles of co-chair and co-CEO to return to producing.
Glickman will continue in his current role overseeing development and production for all feature films, as well as targeting co-financing opportunities with other studios. He will continue to report to Barber.
Glickman is a longtime associate of Barber and Birnbaum dating back to his presidency at Spyglass Entertainment.
“Jon has made tremendous strides for the motion picture group since he first joined us at MGM in early 2011,” said Barber. “With his keen eye for material and incredibly strong relationships, he has been able to build an enviable slate of pictures and an exciting development pipeline for future films.”
Glickman oversaw the 23rd Bond pic “Skyfall,” which opens internationally later this month. He’s supervised the adaptation of Stephen King’s “Carrie,” directed by Kimberly Peirce and starring Chloe Moretz and Julianne Moore, as well as “Robocop” directed by Jose Padilha.
The Lion said Monday that its future films include “Hercules,” starring Dwayne Johnson, “The Machine,” starring Vin Diesel, “The Magnificent Seven,” starring Tom Cruise, and reboots of the “Deathwish” and “Poltergeist” franchises.
While at Spyglass, Glickman produced “The Vow,” “Four Christmases,” “27 Dresses,” “The Hitchhiker’s Guide to the Galaxy,” “The Pacifier,” “The Count of Monte Cristo” and “Shanghai Noon.” He started his career with Birnbaum at Caravan Pictures in 1993, where he was involved in “While You Were Sleeping” and exec produced “Grosse Pointe Blank”; he also produced all three “Rush Hour” films.
Barber and Birnbaum formed Spyglass Entertainment in 1998 as a financing-producing banner. Spyglass saw its greatest successes with “The Sixth Sense” and “Bruce Almighty.”
Barber and Birnbaum were appointed co-chairmen and CEOs of MGM in December 2010 as the company emerged from a pre-packaged bankruptcy. Since that time, they have secured a distribution and co-financing partnership with Sony Pictures Entertainment, which includes the films “Carrie,” “The Girl With the Dragon Tattoo,” “21 Jump Street” and “Skyfall.”
Warner Bros. is partnered with MGM on the three upcoming “Hobbit” films, with WB assuming MGM’s share of producing costs in exchange for taking over the international and homevid distribution of the films from MGM. The Lion is partnered with Paramount on “G.I. Joe: Retaliation” and “Hansel and Gretel: Witch Hunters.”
A public stock offering is under consideration at the company, which announced in August that it had posted second-quarter earnings of $42.1 million, or nearly four times the $12.2 million in earnings in the 2011 quarter. MGM had disclosed in July in a filing with the Securities and Exchange Commission that it was considering an IPO under new legislation that allows companies with under $1 billion in revenue to keep the process confidential until 21 days before a roadshow.