Creditors To Get Stakes In MGM Under Ch. 11 Plan
Under the plan, filed in the U.S. Bankruptcy Court for the Southern District of New York, MGM would hand over management of the movie studio to Gary Barber and Roger Birnbaum, co-chairmen and chief executive officers of Spyglass Entertainment.
MGM, known for the James Bond, Rocky and Pink Panther franchises and classics such as “The Wizard of Oz,”...
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