Beleaguered MGM has received two more months of exemption from debt payments so the studio can work out a sale or restructuring.
MGM's forging ahead with the auction of its assets despite indications of a less than enthusiastic response so far.
MGM had received several bids as Friday's deadline arrived for initial offers for the troubled studio.
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One of the many questions surrounding the fate of MGM is what will become of the Lion's stake in the fledging pay cabler Epix.
Can Leo the Lion find a savior?
MGM's officially for sale. The Lion said it was "beginning a process to explore various strategic alternatives including operating as a standalone entity, forming strategic partnerships and…
Can the man who restructured Krispy Kreme and Enron save Leo the Lion?
In a move designed to quiet the doomsayers, MGM's received a clean bill of financial health -- for now.
MGM and the Farrelly brothers are closing in on their cast for "The Three Stooges."
John Cusack, Rob Corddry and Craig Robinson ("Knocked Up") are set and Clark Duke ("Sex Drive") is negotiating to star in MGM comedy "Hot Tub Time Machine," which Steve Pink will direct.
Tom Cruise is getting ready to partner with Denzel Washington in "The Matarese Circle," the David Cronenberg-directed adaptation of the Robert Ludlum thriller for MGM.