February 26, 2010 |
If it were a movie, it might be called "Hollywood Parallel Universe." This nail-biting thriller would center on a group of harried movie executives scrambling to push pictures out the door while their studio teeters on bankruptcy and is sold to the highest bidder. The final chapter in Hollywood's longest-playing corporate drama, the saga of Metro-Goldwyn-Mayer, could soon be written. Movie chief Mary Parent and her team are scrambling to finish and shape the marketing campaigns for what could be the last four movies from the independent studio to bear the famous roaring lion logo.
August 19, 2009 |
The Tuesday ouster of Harry Sloan as chief executive of Metro-Goldwyn-Mayer Inc. underscores the continued turmoil at the debt-ridden independent studio since it was taken over by private equity owners five years ago. MGM, which is struggling to refinance its $3.7-billion bank loan, will be overseen by a newly created "office of the CEO," composed of production head Mary Parent, Chief Financial Officer Bedi A. Singh and Stephen F. Cooper, a...
February 27, 1997 |
Wilshire Restaurant Group, owner of the Marie Callender restaurant chain, has purchased East Side Mario's Restaurants from PepsiCo Inc. for an undisclosed price, the company said Wednesday. East Side Mario's, with 89 company-owned and franchise locations in the Southeastern and Western states and Canada, is one of several chains that PepsiCo is divesting as it focuses on its core soft drink and Frito-Lay snack businesses.
March 14, 2008 |
Still struggling to reestablish itself as a viable movie studio, Metro-Goldwyn-Mayer Studios has hired former Universal Pictures executive Mary Parent as production chief. As chairwoman of the Worldwide Motion Picture Group, Parent will oversee development, production, distribution, marketing and business affairs for MGM's movies. The hiring of Parent signals a shift for MGM to a company focused more on developing and producing its own movies and relying less on distributing films made by outside suppliers such as Weinstein Co. Though MGM doesn't risk its own production funds on those films but rather receives a distribution fee, it's still in dire need of hits after a string of recent duds, among them "Lions for Lambs," made by the studio's United Artists label, headed by Tom Cruise and Paula Wagner, as well as "Awake" and "Charlie Bartlett."
August 5, 2008 |
Speculation that his job might be in jeopardy was dashed when Metro-Goldwyn-Mayer Studios announced that Harry Sloan had signed a new three-year deal to continue as chairman and chief executive of the struggling studio. Sloan was hired in October 2005 after the studio was sold to an investment consortium that includes Sony Corp. of America, Comcast Corp., Providence Equity Partners and Texas Pacific Group. Sloan recently hired former Universal Pictures movie executive Mary Parent to try to turn around MGM's box-office fortunes.
April 3, 2008 |
Metro-Goldwyn-Mayer Studios, maker of the "Rocky" films, said Chief Operating Officer Rick Sands resigned after more than two years at the company. Sands left "to pursue other opportunities in entertainment and content," the studio said Wednesday. The resignation was effective immediately. Last month, MGM hired former Universal Pictures executive Mary Parent as chairwoman of its worldwide motion picture group.