MGM CEO Barber leaving the studio

Gary Barber, former MGM chief

Gary Barber, head of Metro-Goldwyn-Mayer, home studio for the James Bond film franchise, is departing the studio after eight years at the helm, according to numerous news accounts.

Deadline: Hollywood, in an update of its initial story, said late Monday that Barber “was asked to leave” by the company’s board of directors.

The executive was requested to depart “over disagreements on strategy about the future direction of the company,” according to the entertainment news website. “In no uncertain terms, Barber was asked to leave the company, a move that sent has employees reeling.” Barber declined to comment to Deadline about why he was leaving.

The move came after MGM in October extended Barber’s contract through 2022. Barber’s exit apparently was swift. He was still listed as CEO on the company’s website early Tuesday morning.

Barber’s exit potentially could affect Bond 25. MGM hasn’t announced how the movie will be distributed.

MGM formed a joint venture last year with Annapurna Pictures to distribute each other’s movies. Deadline in November reported the joint venture was close to getting the U.S. distributorship for the film. If the deal was completed it was never publicly disclosed. It’s possible another studio may distribute Bond 25 in international markets.

Bond 25 also hasn’t nailed down a director. Danny Boyle said last week he plans to direct the film if a script being written by John Hodge is approved.

Barber took command of MGM when the studio was in bankruptcy in 2010. He steered a slimmed down version of MGM, which has improved its finances since then.

His departure is the latest twist in an often dysfunctional relationship between MGM and Eon Productions and its parent firm, Danjaq. MGM acquired United Artists in 1981, which included half control of the Bond franchise. Relations have at time been tense between the two sides.

Barber’s tenure appeared to be an exception. In his public remarks, Barber frequently referred to Danjaq as partners.

UPDATE (1:05 p.m. eastern time): MGM has removed Barber from the part of its website featuring executives.

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