Mr Lee Posted November 7, 2010 Posted November 7, 2010 But James Bond may return in 2012 so all is not gone to heck. Boy this is hard to read about but with so many unemployed and others struggling, this does not surprise me one bit. So when will the world work its way out of this hole?In an act that can only conjure exasperated cries of "About time!" from film industry watchers the world over, Bloomberg reports that the long-suffering MGM has finally filed for bankruptcy, turning down a takeover bid from Lions Gate. The new plan will bring in managers from Spyglass Entertainment and help extinguish the 86-year-old company's $4 billion in debt. For all you financially minded folks in the audience, here's a quote from Stephen Cooper, the man who guided Enron through the Chapter 11 process and who will now do the same for MGM: The complete story HERE Link to comment Share on other sites More sharing options...
Jim Sibbick Posted November 8, 2010 Posted November 8, 2010 Well I thought MGM went broke in the 1980's and it was all over red rover back then. I was not aware MGM were still making movies as MGM.Regards; Jim Link to comment Share on other sites More sharing options...
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