Faced with $3.7 billion in debt due in July 2012, MGM will pay $250 million in interest alone by April 2010. Just think if that money could be spent on actual film production. Shame on Harry Sloan who ...

MGM just issued this statement, which confirms my reporting from July 8th that this would happen. And see my exclusive update below: MGM STATEMENT REGARDING FISCAL 2009 AUDIT RESULTS (July 14, 2009) ...

Metro-Goldwyn-Mayer Inc., scrambling to refinance its $3.7-billion loan, said in a statement Wednesday that an audit showed the struggling studio to be in “full compliance with all of its debt ...

MGM Mirage CEO Jim Murren got a $13.75 million pay package in 2009, his first full year as the casino operator's top executive, according to an Associated Press analysis of a regulatory filing the ...

This is not good news - I'm going to tell you that right up front. Variety is reporting that the rights to Terminator 5, the sequel to McG's Terminator Salvation, may end up reverting back to MGM. The ...

Back in September, we reported that MGM (aka Metro-Goldwyn-Mayer) was "on the verge of bankruptcy" and was asking for emergency funds to say alive. The studio has finally made announcements that ...

MGM‘s officially for sale. The Lion said Friday afternoon that it could also find a partner or remain a stand-alone company. In a statement, MGM said it was “beginning a process to explore various ...

The Tuesday ouster of Harry Sloan as chief executive of Metro-Goldwyn-Mayer Inc. underscores the continued turmoil at the debt-ridden independent studio since it was taken over by private equity ...

With the Memorial Day weekend opening of “Terminator Salvation” looming, the future of the franchise has become intriguing. “Terminator” is the only franchise in which the distributors aren’t locked ...