MGM Holdings
Jeff Bezos Weighs In on MGM Deal; Andy Jassy to Take Over as Amazon CEO July 5
Amazon bought MGM because of its “vast, deep catalogue of much beloved intellectual property,” CEO Jeff Bezos said Wednesday during the company’s annual shareholder meeting. “And with the talent at MGM and the talent at Amazon Studios, we can reimagine and develop that IP for the 21st century. It will be a lot of fun […]
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MGM Paid Gary Barber $15M in Severance After Ouster
Barber was removed in March, and MGM has been run by an "Office of the CEO" since then.
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MGM COO Talks New Studio Leadership, Remains Silent on CEO Ouster
"We are all energized and focused in executing on our priority growth initiatives,” newly installed COO Chris Brearton told analysts.
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“He Is Not Creative”: Behind MGM’s Abrupt Firing of CEO Gary Barber
The exec is said to have clashed with colleagues and partners — including James Bond producers — and an unbridgeable gap had grown between him and board chairman Kevin Ulrich.
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MGM Shake-Up: Gary Barber Out as Chairman-CEO
The exec — who recently renewed his contract through 2022 — is abruptly leaving after eight years at the helm.
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MGM in Talks to Acquire Epix Outright From Lionsgate, Viacom
The James Bond franchise studio aims to buy the remainder of the premium channel from its joint venture partners to bolster its TV business.
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MGM Beats Earnings Guidance With Full-Year Results, Despite ‘Ben-Hur’ Losses
The parent of Metro-Goldwyn-Mayer posted $61 million in film impairment charges, due mainly to the Biblical-themed epic bombing at the worldwide box office.
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MGM Creditworthiness Gets a Boost From Major Ratings Agency
The privately held company's rating rises to a B+ from a B, but the agency cautions that pure-play movie companies still carry risk because of the volatility of the business.
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Sources: MGM Delays Potential $3 Billion IPO for ‘Skyfall,’ ‘Hobbit’ Releases (Exclusive)
First quarter could see bigger public offering from company, which shifts plans as tentpole pictures near wide releases.
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MGM Holdings Eyes IPO
UPDATED: The studio owner says it has submitted "a draft registration statement on a confidential basis" for a possible initial public offering of its Class A common stock.
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