MGM EMERGES FROM BANKRUPTCY PROTECTION

Leo the Lion roared back to life on Monday as MGM said that it had emerged from bankruptcy protection with $500 million to fund new movies and television shows. The company is now owned by its previous lenders, who had agreed to swap debt for equity and installed Spyglass Entertainment chiefs Gary Barber and Roger […]

LIONS GATE OPENING ITS GATE FOR LEO

The mating of the lions has begun again — this time in earnest, it would appear. Lions Gate Entertainment, which operates the Lionsgate “mini-major,” has formally proposed a merger with Metro-Goldwyn-Mayer, the home of Leo the Lion, under terms similar to those offered by Spyglass Entertainment — except in one important respect. Under each plan, […]