Saturday, August 24, 2019

COURT APPROVES MGM’S “PREPACKAGED” BANKRUPTCY

December 3, 2010 by · Leave a Comment 

A federal bankruptcy court in New York has approved the so-called prepackaged bankruptcy of MGM that effectively makes the historic studio’s lenders its new owners and lifts Spyglass Entertainment founders Gary Barber and Roger Birnbaum to co-CEOs. The approval allows MGM to return to the business of producing and distributing movies and television shows, including […]

MGM CREDITORS APPROVE SPYGLASS DEAL

October 30, 2010 by · Leave a Comment 

MGM creditors on Friday approved a prepackaged bankruptcy plan under which they would become owners of the beleaguered studio, which would be run by Spyglass Entertainment partners Gary Barber and Roger Birnbaum. In doing so, they rejected an alternate plan pushed forward by activist investor Carl Icahn that would have merged MGM with Lions Gate […]