Now that MGM's has completed its restructuring with $500 million in fresh funding, one of the top priorities is to renew James Bond's license to kill.
Carl Icahn Mgm Debt
Leo the Lion is coming back to life with MGM's restructuring plan becoming effective, fresh with $500 million in funding to revamp the storied studio.
MGM's long-murky future will come into focus this week, as a federal bankruptcy court is set to confirm its bankruptcy plan.
Domestic Film DAILY
PROVIDED BY: Box Office
The Equalizer1Daily:$3.6M Cumulative:$40.7M Sony / Columbia 22.26%
The Maze Runner
The Maze Runner2Daily:$1.3M Cumulative:$60.2M Fox 29.30%
The Boxtrolls3Daily:$862,914 Cumulative:$18.9M Focus 17.65%
MGM's debtholders have overwhelmingly approved a plan to reorganize the hobbled studio through a prepackaged bankruptcy that will leave Spyglass Entertainment toppers in charge -- and give Carl Icahn…
Carl Icahn's extended his tender offer to buy more Lionsgate stock for another 10 days to Nov. 1.
With MGM's future still murky, Mary Parent has departed as head of its mothballed film production arm.
After months of playing defense, there's detente as Lionsgate exex team up with investor Carl Icahn to push for a merger between the studio and MGM.
MGM, beset by its massive $3.7 billion debt load, has asked its lenders for a sixth extension on its debt payments.
Lionsgate has re-entered the mix of possible partners for beleaguered MGM.