October 3, 2012 |
In a surprise move coming less than two years after Roger Birnbaum was appointed co-chairman and co-CEO of MGM, the executive is seguing into an exclusive producing deal with the studio, the company announced Wednesday morning. Birnbaum's longtime producing partner and current MGM co-chairman Gary Barber will become the sole chairman and CEO. Birnbaum, who has a long history as a producer in Hollywood, will remain at his MGM offices producing...
March 23, 2012 |
Metro-Goldwyn-Mayer has taken back full control of its legendary film label United Artists, is booking a loss on its recent release "The Girl With the Dragon Tattoo" and has added a top TV executive to its board of directors, the independent studio revealed in financial filings this week. Formed in 1919 by film luminaries including Charlie Chaplin and Mary Pickford, UA became part of MGM in 1981. In 2006, UA became a joint venture between MGM and Tom Cruise and his producing partner Paula Wagner, who together got 30% of the company.
January 19, 2012 |
Entertainment industry executive Roger Birnbaum and his wife, Pamela, have put their Beverly Hills home up for sale at $15.75 million. Completed five years ago, 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 from him 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 veranda.
April 15, 2011 |
The reconstituted Metro-Goldwyn-Mayer Inc. has found the distribution partners it needs to restart business. The independent studio, which emerged from bankruptcy in December, is on the verge of announcing a renewal of its agreement for 20th Century Fox to release its films worldwide on DVD through 2016. The extended arrangement also for the first time gives Fox the right to sell MGM titles on digital platforms such as Apple Inc.'s iTunes. On Wednesday, MGM signed a deal with Sony Pictures to co-finance and distribute in theaters around the world the next two "James Bond" sequels and potentially future pictures.
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.
October 8, 2010 |
Marking an end to a torturous yearlong reorganization process, Metro-Goldwyn-Mayer announced Thursday a plan that would see more than $4 billion in debt wiped out and the chief executives of film production company Spyglass Entertainment take over management. The plan, which still has to be approved by nearly 100 creditors, calls for the faded Hollywood studio to be shrunk into a production company releasing about half a dozen pictures annually and run by Spyglass co-chiefs Gary Barber and Roger Birnbaum.