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June 16, 2010 by · Leave a Comment 

No prominent film industry executive is interested in taking the chief executive post at MGM, the Hollywood Reporter reported today (Wednesday), noting that former Viacom executive Jonathan Dolgen, and Fox veterans Peter Chernin and Bill Mechanic are among those who have turned down offers to run the debt-ridden studio. Meanwhile, MGM’s owners, who include Providence Equity, TPG Capital, Sony, and Comcast, are developing plans with lenders to convert debt to equity and to borrow at least enough new money to get already-produced films such as Red Dawn and Cabin in the Woods released and to get the next James Bond and The Hobbit movies into production.