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Dec 2, 2010

MGM studio says court OKs pre-packaged bankruptcy

LOS ANGELES — Troubled studio Metro-Goldwyn-Mayer Inc. says that a federal bankruptcy court has approved its prepackaged bankruptcy plan. In the plan, its lenders will exchange nearly $5 billion in debt for ownership of the company that owns half of “The Hobbit” movies. The two movies are to go into production in February. Co-CEO Stephen […]

Oct 12, 2010

Lions Gate offers to combine with MGM

NEW YORK — Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said Tuesday it has sent a proposal for a combination with financially troubled Metro-Goldwyn-Mayer Studios Inc. Lions Gate said the combined company would […]

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