MGM announced on Wednesday the promotion of Tom Malanga, a 10-year vet of the television division, to the post of executive vice president for finance and strategic planning for the studio’s Worldwide Television Group.
In the position, Malanga will manage and chart the business courses of the international pay and cable television areas, domestic TV and home entertainment groups. He’ll also design and oversee an internal organizational structure for all of MGM’s television operating groups.
Malaga reports to John Symes, president of the MGM Worldwide Television Group.
“Tom has played a vital role in our television division’s successful reemergence as well as in its ongoing development,” said Symes.
The television group is heading into the coming season with a slate of productions that includes “Stargate: SG-1,” “Fame L.A.” and “The Magnificent Seven.”
Malanga joined MGM Worldwide TV in 1987 as veepee for finance and administration, where he supervised all financial transactions for TV production, domestic distribution and animation. He also negotiated joint ventures and international co-productions, including new tax-shelter arrangements in Australia, Canada and Ireland.
He was also actively involved in TV and feature productions, such as “thirtysomething,” “In the Heat of the Night,” “All Dogs Go to Heaven II,” “The Pebble and the Penguin,” as well as the syndicated programs “The Outer Limits,” “LAPD: Life on the Beat,” and “Poltergeist: The Legacy.”
Prior to joining MGM, Malanga served as president of Production Services Inc., a company he co-founded in 1981. Earlier in his professional career, he worked as a senior production auditor for ABC, and as director of financial services for Worldvision Enterprises.