Microsoft exec Nancy Tellem has replaced Peter Liguori on the board of MGM. Liguori left The Lion's board after becoming the CEO of Tribune Co. earlier this year. MGM topper Gary Barber made the…
James Bond and the Hobbits have boosted second quarter revenues by nearly three times over the 2012 quarter for MGM Holdings to $339 million, compared with $128.4 million. The privately-held studio…
Today's MGM is a corporate anomaly -- it's either primed for a moment of rebirth or sitting in a holding pattern.
Domestic Film DAILY
PROVIDED BY: Box Office
Teenage Mutant Ninja Turtles
Teenage Mutant Ninja Turtles1Daily:$7.6M Cumulative:$79.8M Paramount Pictures 13.49%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$6.6M Cumulative:$188.5M Disney 23.68%
Into the Storm
Into the Storm3Daily:$2.1M Cumulative:$21.1M Warner Brothers / New Line 21.06%
While "The Hobbit: An Unexpected Journey," and "Skyfall" have dramatically improved MGM's bottom line, the company's initial public offering may still be a long ways off. Knowledgeable sources say…
In a way, the news out of MGM on Wednesday was merely a formality 15 years in the making -- an open acknowledgement that Gary Barber is the moneyman and Roger Birnbaum is the moviemaker.
MGM, which is considering a public offering of its stock, has posted second-quarter earnings of $42.1 million, or nearly four times the $12.2 million in earnings in the 2011 quarter.
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 had received several bids as Friday's deadline arrived for initial offers for the troubled studio.
MGM's murky future should start coming into focus by the end of the year.
MGM may be the best known logo in the entertainment business, but the company seems headed for another possible garage sale.