MGM announces “Plan”, names Barber and Birnbaum new CEOs

Commander Bond net ^ | Written by Kevin Wells on 08 Oct, 2010

[Perdogg]

Good news for James Bond fans waiting on MGM for more positive news on Bond 23, MGM has formally announced their plan for restructuring and have named Gary Barber and Roger Birnbaum as co-CEOs of MGM. Barber and Birnbaum won’t officially take that position until MGM emerges from Chapter 11 bankruptcy. Lenders have until October 22 to vote on MGM’s “Plan” (unless extended) that will see MGM’s roughly $4 billion in debt wiped away in exchange for 95.3 percent equity in the new MGM.

[Perdogg]

ping - thanks to GSP.Fan

[wally_bert]

Get Tim, Bill, and Graeme of The Goodies to run a studio.

http://www.youtube.com/watch?v=DMDEI5xUwjk

http://www.youtube.com/watch?v=ZSxjTjB_rQk

http://www.youtube.com/watch?v=2AYcK8wb5vw

[GSP.FAN]

http://www.youtube.com/watch?v=jYEcJXGPL5I

I hate the goodies almost as much as i hate pikies....

[buccaneer81]

Do we get “Red Dawn 2” as well?

[Lucius Cornelius Sulla]

Looks like what we Hobbits have been waiting for.

[Alex Murphy]

Lenders have until October 22 to vote on MGM’s “Plan” (unless extended) that will see MGM’s roughly $4 billion in debt wiped away in exchange for 95.3 percent equity in the new MGM.

Ping for later