August 26, 1986
Three days after creditors forced Producers Sales Organization to file for Chapter 11 bankruptcy, Vestron announced that it was forming its own Producers Distribution Organization to act as foreign sales agent for independent movie producers. The three from PSO are Gregory Cascante, who will be PDO president; Gary Barber, vice president and chief financial officer, and Julian Leven, vice president of operations.
December 3, 2010 |
After 18 months of turmoil and uncertainty, MGM has gotten a green light to start anew. A New York federal bankruptcy judge on Thursday confirmed the "prepackaged" plan by creditors to wipe out about $5 billion in debt, clearing the way for the 86-year-old entertainment company to focus its efforts on producing and releasing movies and television shows. With Thursday's ruling that the plan meets the requirements of the U.S. Bankruptcy Code, no legal obstacles remain for MGM to relaunch under Spyglass Entertainment founders Gary Barber and Roger Birnbaum.
August 11, 2010 |
After several weeks of haggling over deal terms, Spyglass Entertainment is in the final stages of hammering out an agreement to take over the management of debt-ridden Metro-Goldwyn-Mayer, according to people familiar with the situation. The parties have agreed on the major deal points, including how much Spyglass founders Gary Barber and Roger Birnbaum would be compensated in management fees and equity, but a few outstanding issues need to be resolved, said one of the people, who added that an agreement would be consummated shortly.
CALIFORNIA | LOCAL
December 3, 1993
Two men were uninjured in the crash-landing of a small plane on the Santa Clara River bottom Thursday, authorities said. Gary Barber, 57, of Ventura was piloting the plane out of Camarillo Airport when it developed engine trouble, according to a statement by the Ventura County Sheriff's Department. Barber safely landed the plane on the river bottom half a mile east of Toland Road in Santa Paula about 4:25 p.m., and he and passenger Roger Rogers, 57, of Australia walked away without injuries.
October 29, 1998 |
In a deal estimated to be worth $250 million, European media giants Kirch Group and Mediaset have agreed to invest for five years in films from newly formed Spyglass Entertainment. The two companies will receive theatrical, video and television rights to between 15 and 25 films for Germany, Italy, Spain, Poland and the former Soviet Union. Spyglass previously announced a deal with Walt Disney Co., which has domestic distribution rights to its films for the same period.
December 10, 2002 |
Spyglass Entertainment, the independent financier of the 1999 blockbuster "The Sixth Sense," has signed a deal to finance and produce movies with DreamWorks. Spyglass, formed in 1998 by co-Chairmen Gary Barber and Roger Birnbaum, was free to enter into the pact after the expiration of an exclusive production deal with Walt Disney Co., which still owns 10% of the company as one of its three equity partners. The nonexclusive pact allows Spyglass to take projects elsewhere if DreamWorks passes.