In a pre-emptive move, MGM has unveiled a $75 million stock repurchase program to ward off any hostile or unsolicited takeover attempts. The privately held studio, which has posted improved financial…
Timur Bekmambetov (“Wanted”) is in negotiations direct MGM’s reboot of “Ben-Hur,” the studio’s 1959 epic starring Charlton Heston. Sean Daniel and Joni Levin are producing the the remake. Jason Brown…
MGM is teaming with Fox 2000 Pictures to co-finance and distribute its reboot of "Poltergeist." MGM had announced in March that it had attached "Monster House" director Gil Kenan to helm the thriller…
Today's MGM is a corporate anomaly — it's either primed for a moment of rebirth or sitting in a holding pattern.
MGM will be a step closer Friday to its dream of becoming a major studio once again, when the company closes a $650 million refinancing that will help the Lion fund ventures in new media and more of…
MGM has appointed Ken Schapiro to the post of chief operating officer.
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.
With MGM on the verge of emergence from bankruptcy, Leo the Lion's cutting staff with about 45 slots disappearing.
MGM's long-murky future will come into focus this week, as a federal bankruptcy court is set to confirm its bankruptcy plan.
MGM's debtholders will have another week to consider a bankruptcy plan that would leave Spyglass Entertainmemt toppers in charge -- a sign that a rival merger proposal from Lionsgate may have gained…
A hearing date will be set this week on the involuntary Chapter 7 bankruptcy petition filed against MGM/Pathe Communications. Last week, the company asked U.S. Bankruptcy Judge Arthur Greenwald to…