×
You will be redirected back to your article in seconds

MGM Hires Veteran Participant Media Executive Ted Lim

Metro-Goldwyn-Mayer has hired veteran Participant Media executive Ted Lim to join the company on May 14 as senior vice president of strategic planning and corporate development.

Lim will report to Chris Brearton, chief operating officer. Brearton is part of the management team of senior executives following the firing of CEO Gary Barber in March.

MGM announced the hiring on Thursday. Lim will work with Brearton and the senior management team to help broaden MGM’s corporate strategy and business development and will be charged with overseeing deal execution, collaborating on implementation of ongoing growth initiatives, formulating new business models, and identifying new partnerships and opportunities.

“Ted’s specialized background in strategic planning, mergers & acquisitions, and integration makes him an essential addition to our management team as MGM embarks on an aggressive and innovative growth strategy,” said Brearton.

Barber’s departure stunned Hollywood, both because of its suddenness and because he had recently signed a new five-year deal. He is credited with helping MGM emerge from bankruptcy eight years ago, cleaning up its finances, and relaunching the Bond franchise. However, Barber ran afoul with Kevin Ulrich, chairman-CEO of MGM majority owner Anchorage Capital Group and the head of the studio’s board, over their visions for the future.

“The opportunity to join MGM during this time of growth for the legacy studio is incredibly exhilarating,” said Lim. “I look forward to working with Chris and the talented senior management team to help expand and drive growth in 2018 and beyond as we continue into this new phase of innovation.”

Lim most recently served as senior vice president of strategy and business development at Participant Media, where he led strategy, mergers & acquisitions, and corporate development for the company. Prior to Participant Media, Lim was an executive in the corporate strategy and business development team at the Walt Disney Company, where he helped manage the company’s investment in Hulu, including its $750 million recapitalization in 2013, and its acquisition of Lucasfilm in 2012.

More Film

  • Night Fury dragon Toothless and Hiccup

    Box Office: 'How to Train Your Dragon 3' Soaring to $50 Million-Plus Launch

    “How to Train Your Dragon: The Hidden World” is soaring toward a $53 million launch weekend at 4,259 North American locations, early estimates showed on Friday. That estimate is well above Universal’s forecast in the $40 million range at 4,259 sites — and ahead of its predecessors, 2010’s “How to Train Your Dragon,” which made [...]

  • Actors With Disabilities Deserve a Hollywood

    Dreaming of a Hollywood Ending for Actors With Disabilities (Guest Column)

    Picture a world in which an actor with a disability wins an Academy Award. Sadly, that storyline remains no more than a Hollywood fantasy. In recent years, the #OscarsSoWhite trending hashtag campaign has shed light on the lack of diversity in the movie industry. Yet ahead of this year’s Oscars on Feb. 24, society’s definition [...]

  • Clark Gable III

    Clark Gable's Grandson, Who Hosted 'Cheaters,' Found Dead at 30

    Clark Gable’s grandson, Clark Gable III, died on Friday morning at Texas Health Presbyterian Hospital in Dallas, Variety confirmed with the Dallas County Medical Examiner’s Office. He was 30. “It’s is with an extremely heavy heart we say goodbye to my beautiful son Clark,” his mother wrote on Instagram. “He passed this morning. I will always [...]

  • You Were Never Really Here If

    Film Independent's Spirit Awards Fly the Flag for Indie Film

    As the 2018 awards season marches slowly into its final days, only a handful of honors remain undistributed after some of the most volatile and contentious campaigns in years. Front-runners have come and gone in one major category after the next, as each guild and critics group announced different winners than its predecessors, demolishing expectations [...]

  • A Quiet Place

    John Krasinski Returning to Direct 'A Quiet Place' Sequel

    John Krasinski is returning to direct the untitled sequel to Paramount’s horror hit “A Quiet Place.” Krasinski revealed the news Friday via an Instagram post that said “…time to go back. #PartII 5-15-20”; the post showed the red lights that became synonymous with the alien threats in the first movie. “A Quiet Place” starred Krasinski, Emily [...]

  • Red Carpet Guide to the Bowtie

    Five Tips to a Perfect Bow Tie on Oscar Night

    Warren Alfie Baker is always on the hunt for just the right bow tie. He’s a Hollywood stylist who helps keep such clients as Lucas Hedges, Norman Reedus and Harry Shum Jr. looking sharp. “It seems like the easiest thing to sort out, but so many mistakes can be made,” Baker tells Variety. And the [...]

  • Francois Ozon's 'The Grace Of God'

    Francois Ozon's 'By The Grace Of God' Delivers Strong B.O. Opening in France

    Rolling off its triumph at the Berlin Film Festival where it won the Silver Bear, François Ozon’s Catholic church sexual abuse drama By “The Grace Of God” had a strong theatrical bow in France where it sold nearly 50,000 tickets on 290 screens on Feb. 20, its first day out One of the best opening [...]

More From Our Brands

Access exclusive content