(Credit: AP)

Slimmer MGM Studio Completes Restructuring

Metro-Goldwyn-Mayer took a near-final step to emerging from bankruptcy on Monday as a slimmer studio that has a lot of its future riding on “The Hobbit” two-part movie series.



MGM: Court OKs $5B Bankruptcy Plan

The studio behind the classic “James Bond” movie franchise says it has court approval for a prepackaged bankruptcy plan.


(Credit: AP)

MGM Files For Bankrupcy Protection

Hollywood studio Metro-Goldwyn-Mayer Inc., the home of James Bond, says it has filed for bankruptcy protection as the culmination of a long process to restructure its finances with the support of lenders.