Get your tickets to Tolkien today!
Join us in our 24 Hour Chatroom!
Get your tickets to Tolkien today!
Join us on Instagram

Latest Tweets

  1. Collecting The Precious – Iron Studios Gandalf the Grey Deluxe Statue


  3. You will want to get to know supporting actor Owain Arthur as his next project is Amazon’s Lord of the Rings

News Alerts

Get emailed with every new post!

Spyglass nears deal to run film studio MGM-WSJ

August 10, 2010 at 6:28 pm by xoanon  - 

Aug 10 (Reuters) – Spyglass Entertainment is nearing an agreement to run Metro-Goldwyn-Mayer Inc once the film studio restructures $4 billion of debt this summer through the bankruptcy process, the Wall Street Journal said on Tuesday, citing people familiar with the matter. An agreement could come as soon as this week, valuing MGM at about $1.9 billion, the newspaper said, citing the sources. The sources also said MGM hopes to file a prepackaged bankruptcy in mid-September when its latest debt waiver expires, according to the Journal.

MGM creditors have spent the better part of a week with Spyglass co-heads Gary Barber and Roger Birnbaum negotiating the makeup of a board, and have worked out financial details, the newspaper said. More..

Posted in MGM, Studios on August 10, 2010 by

Daggers of Tauriel

Leave a Reply