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 has named Spyglass president Jonathan Glickman as president of its motion picture group. He fills the slot vacated last fall by Mary Parent.
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.
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%
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 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…
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…