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Lions Gate Said to Woo MGM Studio Creditors; Seeks Terms Icahn Would Back

July 14, 2010 at 7:43 pm by xoanon  - 

July 14 (Bloomberg) — Lions Gate Entertainment Corp., the independent film and TV producer, has approached creditors of ailing Metro-Goldwyn-Mayer Inc. to help shape a plan to acquire the studio, two people with knowledge of the situation said. Lions Gate Vice Chairman Michael Burns has been meeting in New York with investors who hold some of MGM’s $3.7 billion debt, according to the people, who requested anonymity because the discussions are private. More..

Posted in Hobbit Movie, MGM, Studios, The Hobbit on July 14, 2010 by