MGM watch: Spyglass Entertainment may gain control of studio, WSJ says

The Wall Street Journal, in a story by Mike Spector and Lauren A.E. Schuker, reports that Spyglass Entertainment may be the leading contender to take control of Metro-Goldwyn-Mayer Inc., owner of half of the James Bond franchise.

An excerpt:

Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer Inc., said people familiar with the matter, as the beleaguered film studio scrambles to restructure a roughly $4 billion debt load this summer.

Spyglass co-heads Gary Barber and Roger Birnbaum would run the studio as co-chief executives under a plan being discussed with MGM’s creditors, these people said.

To read the entire story, JUST CLICK HERE. Warning: The Wall Street Journal is a pay Web site and it only provides a short preview for free. (Unlike a certain prominent fan Web site, we don’t violate copyright law and do a cut-and-paste of an entire copyrighted article while claiming we wrote the entire thing.)

2 Responses

  1. I’ve just looked down the list of movies that Spyglass has developed, and…wow, the number of stinkers by far outweigh the decent films. Here’s hoping that they break that trend with the next Bond films (supposing this deal goes through, of course).

  2. […] month, the Wall Street Journal reported reported that Spyglass Entertainment may be a leading contender to gain control of MGM. Meanwhile, Time Warner Inc. earlier this year submitted a bid and said as […]

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