October 4, 2012 |
With an initial public stock offering expected by the end of the year, the historic film studio Metro-Goldwyn-Mayer's executive ranks were shaken Wednesday by the surprise resignation of co-chief executive Roger Birnbaum. The departure leaves Birnbaum's longtime partner Gary Barber as sole CEO of the Beverly Hills company, home of the upcoming James Bond film "Skyfall" and "Lord of the Rings" prequel "The Hobbit: An Unexpected Journey. " Birnbaum and Barber have been partners since 1998, when they co-founded the film finance and production company Spyglass Entertainment.
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...
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.
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.
October 4, 2012 |
Hollywood continues to go crazy for toys and games. Hasbro, the company behind the hits "Transformers" and "G.I. Joe" and the flop "Battleship," has signed a deal with independent production and finance company Emmett/Furla Films to make movies based on the board games Hungry Hungry Hippos and Monopoly and the toy Action Man. Rhode Island-headquartered Hasbro, which has a film production office at the Universal Pictures lot, announced the...
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.