Movie studio Metro-Goldwyn-Mayer, home of movie franchises such as James Bond and The Pink Panther, proposed a bankruptcy plan that would reduce its debt by $4 billion and put the founders of Spyglass Entertainment in charge of the legendary studio.
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Studios including Sony Pictures (SNE), Walt Disney Co. (DIS) and Warner Bros. (TWX) are in talks with cable companies about offering movies soon after their theater release for as much as $30 per showing.
The companies are in …
Struggling video rental chain Blockbuster has filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt.
The company filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York,…
Indian conglomerate Sahara India Pariwar is in talks to buy U.S. movie studio Metro-Goldwyn-Mayer Inc in a deal worth more than $2 billion, The Wall Street Journal reported.
MGM owes creditors about $4 billion, mostly to hedge funds that purchases th…