MGM watch: 007’s studio decides to go with 1 CEO


Metro-Goldwyn-Mayer, 007’s home studio, has decided to go with just one CEO instead of two.

The company said Oct. 3 that Roger Birnbaum stepped down as co-chairman and co-chief executive officer. That leaves Gary Barber alone at the top of MGM. Birnbaum will go back to being a producer and he’ll work out of MGM.

Barber and Birnbaum founded Spyglass Entertainment and they were recruited to take charge of MGM as it went through bankruptcy. Barber now will lead MGM as it seeks to become a publicly traded company again. Birnbaum, meanwhile, will be producing remakes of Death Wish, War Games and The Magnificent Seven.

For more, you can view stories by BLOOMBERG NEWS, THE DEADLINE ENTERTAINMENT NEWS WEB SITE, THE WRAP and the LOS ANGELES TIMES.

MGM owns half the Bond franchise with the Broccoli-Wilson clan. The studio is co-financing Skyfall, the upcoming 007 film, with Sony Corp.’s Sony Pictures unit.

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