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…
The Hobbit Mgm
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…
2016-2017 Oscar Predictions
Warner Bros. will release an extended edition of “The Hobbit: An Unexpected Journey,” starting in October, that features 13 minutes of additional footage in the film and nine hours of bonus content…
MGM and BermanBraun have pacted to develop content across broadcast and cable, it was announced today. Multiyear, exclusive pod deal encompasses both scripted and unscripted programming and also…
There's not much Hobbit in the teaser for "The Hobbit: The Desolation of Smaug." Instead, this first appetite-whetter for Part Two of Peter Jackson's epic J.R.R. Tolkien adaptation overflows with…
Half a year before its theatrical opening, New Line and MGM have unveiled the first poster for Peter Jackson's "The Hobbit: The Desolation of Smaug."
Thanks to "Skyfall" and 'The Hobbit: An Unexpected Journey," MGM saw first-quarter earnings more than double to $57.4 million from $22.9 million in the 2012 quarter. Revenue nearly tripled to $481.7…
Today's MGM is a corporate anomaly — it's either primed for a moment of rebirth or sitting in a holding pattern.
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…
Thanks to "Skyfall" and 'The Hobbit: An Unexpected Journey," MGM saw fourth-quarter earnings move into the black to $40.2 million from a loss of $11.2 million in the 2011 quarter.