Metro-Goldwyn-Mayer
Distribution Company and Film Production Company
Time Warner, News Corp reported interested in MGM...held media and entertainment investment company, all declined comment, the report said. A week ago, MGM said it was exploring a potential sale of the company as lenders extended a forbearance until January 31. It said its other options... In this article: Metro-Goldwyn-Mayer, News Corp, Time Warner, Quadrangle Group, Creditors, Sony Corp, Providence Equity Partners, DLJ Merchant Banking Partners, and Kirk Kerkorian |
-
Sydney Morning Herald - Business | 15 hours ago
Murdoch's News among possible MGM buyers
...held media and entertainment investment company with offices in New York and Santa Monica, California. MGM assets Closely held MGM is controlled by Providence Equity Partners Inc. and TPG. Comcast Corp. and Sony each own 20 per cent, while...
In this article: News Corp, Sony, Liberty Media Corp., New York, Quadrangle Group, The Pink Panther, Comcast Corp., and Time Warner
-
AP Online | 7 days ago
Struggling studio MGM says it's looking for buyer
...Pink Panther franchises said Friday it has begun to explore strategic options including "a potential sale of the company." In a statement, MGM also said its lenders have agreed to grant the company another respite until Jan. 31 from interest...
In this article: MGM, James Bond, Time Warner Inc., United Artists, Tom Cruise, Quadrangle Group, DVD, and CNBC
-
Reuters | 7 days ago
MGM exploring potential sale of company
...company as the storied Hollywood studio struggles to deal with looming debt payments and come up with a long-term business plan. MGM, whose lenders extended a forbearance until January 31, said its other options include operating as a...
In this article: Quadrangle Group, Cash flow, James Bond films, Providence Equity Partners, DLJ Merchant Banking Partners, Kirk Kerkorian, Comcast Corp., and Viacom Inc.
-
UPDATE 1-MGM exploring potential sale of company
...and Quadrangle Group, and media firms Sony Corp <6758. T> and Comcast Corp <CMCSA.O>. The group also assumed a debt of $2 billion. MGM, whose renowned film library includes James Bond films, got a forbearance agreement last month that...
In this article: Quadrangle Group, James Bond films, Providence Equity Partners, DLJ Merchant Banking Partners, Kirk Kerkorian, Comcast Corp, Credit Suisse, and Sony Corp
-
washingtonpost.com | 7 days ago
Struggling studio MGM says looking for buyer
In this article: MGM, Pink Panther, Comcast Corp., James Bond, Sony Corp., Jpmorgan, and Los Angeles
-
CORRECTED-MGM studio credit default swaps settled at 58.5 pct
...of 41.5 percent, based on the results of an auction used to determine the value of the company's credit default swaps. CDSs on MGM's loans are worth 58.5 cents on the dollar, based on the auction held on Tuesday by administrators...
In this article: Quadrangle Group, Bankruptcy, Providence Equity Partners, DLJ Merchant Banking Partners, Comcast Corp, Credit Suisse, and Sony Corp
Trends
Loading...
More on Metro-Goldwyn-Mayer
Description from Wikipedia:
Metro-Goldwyn-Mayer Inc., or MGM, is an American media company, involved primarily in the production and distribution of films and television programs. MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures Corporation and Louis B. Mayer Pictures.
The studio's official motto, "Ars Gratia Artis", is a Latin phrase meaning "Art for art's sake." It was chosen by Howard Dietz, the studio's chief publicist, in 1924. The studio's logo is a roaring lion surrounded by a circle inscribed with the studio's motto. The logo, which features "Leo the Lion," was created by Dietz in 1916 for Goldwyn Pictures and updated in 1924 for MGM's use. Dietz based the logo on his alma mater's mascot—the Columbia University lion. Originally silent, the sound of Leo the Lion's roar was added to films for the first time in August 1928. The studio's informal motto is "more stars than there are in heaven", a reference to the large number of A-list movie stars under contract to the company in the 1930s. This second motto was also coined by Deitz, and was probably first used in 1932.
MGM purchased Metromedia's film subsidiaries (Orion Pictures, The Samuel Goldwyn Company, and the Motion Picture Corporation of America) for $573 million 1997, and Kerkorian bought out Seven Network the following year. MGM used debt to acquire Polygram Filmed Entertainment's 1,300-title library from Seagram in 1999 for $250 million, and obtained the broadcast rights to more than 800 of its films previously licensed to Turner Broadcasting. MGM then purchased 20 percent of Cablevision Systems for $825 million in 2001. MGM attempted to take over Universal Studios in 2003 but failed, and was forced to sell several of its cable channel investments (taking a $75 million loss on the deal).
- Name:
- Metro-Goldwyn-Mayer, Inc.
- Type:
- Private
- Location:
- Los Angeles, California, U.S.
- Founded:
- April 16, 1924
- Owned by:
-
- Quadrangle Group
- DLJ Merchant Banking Partners
- Comcast
- Sony Corporation of America
- TPG Capital, L.P.
- Providence Equity Partners
- Industry:
- Motion pictures
- Key People:
-
- Mary Parent, Bedi A. Singh, & Stephen F. Cooper, Office of CEO
- Harry Sloan, Chairman
- Products:
-
- Television programs
- Motion pictures
- No. of Employees:
- 400 (as of 2006)
- Parent Company:
- MGM Holdings, Inc.
Explore everything named Metro-Goldwyn-Mayer...
