December 19, 2013 |
Entertainment industry executive Roger Birnbaum and his wife, Pamela, have sold their Beverly Hills home for $13 million. Built in 2006, the nearly 7,200-square-foot contemporary farmhouse was a project of former talent manager and high-end remodeler Sandy Gallin. The Birnbaums bought the house in 2007 for $16.5 million. The four-bedroom, five-bathroom house sits behind gates on close to a half-acre with a swimming pool and gardens. The two-story living room has sliding glass doors that open to a covered veranda and outdoor fireplace.
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.
March 16, 2011 |
China has become such an important market for U.S. entertainment companies that one studio has taken the extraordinary step of digitally altering a film to excise bad guys from the Communist nation lest the leadership in Beijing be offended. When MGM decided a few years ago to remake "Red Dawn," a 1984 Cold War drama about a bunch of American farm kids repelling a Soviet invasion, the studio needed new villains, since the U.S.S.R. had collapsed in 1991. The producers substituted Chinese aggressors for the Soviets and filmed the movie in Michigan in 2009.
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.
July 31, 2012 |
Carl Icahn, who only a year ago hoped to combine two studios and create an entertainment empire, has retreated from Hollywood by selling his stake in Metro-Goldwyn-Mayer. The billionaire investor has quietly sold his approximately 25% stake in MGM, the 88-year-old studio behind the James Bond series and the upcoming "Hobbit" trilogy, back to the company in a deal worth $590 million. The move comes less than a year after Icahn sold his 33% stake in film and television studio Lions Gate Entertainment, which he originally wanted to merge with MGM. MGM agreed to pay Icahn $33.50 for each of his 17.6 million shares, according to a confidential letter sent to other stockholders and obtained by the Los Angeles Times.