Metro-Goldwyn-Mayer

Metro-Goldwyn-Mayer Inc. today announced that the U.S. Bankruptcy Court for the Southern District of New York has granted approval of MGM's "First Day Motions" as part of the Company's voluntary filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Approval of these motions will...

Metro-Goldwyn-Mayer Inc. today announced that it and approximately 160 of its affiliates have filed Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York to seek confirmation of their "pre-packaged" plan of reorganization. MGM has sufficient cash on hand, and the...

According to WSJ, Carl Icahn is expected to support Metro-Goldwyn-Mayer restructuring.

(TheStreet) -- Carl Icahn made a big bet when, as reports claim, he invested in one-third of Blockbuster's (BLOKA) debt. But what exactly does Icahn hope to gain from the once video giant gone bankrupt? The big bet is that Blockbuster will be able to emerge from bankruptcy with nearly no debt and a...

Although Metro-Goldwyn-Mayer has received takeover bids from several investors, the company may have to arrange a "prepackaged" bankruptcy in order to appease its creditors. MGM is currently owned by a group of investors including Sony (NYSE: SNE), Comcast and Providence Equity Partners. The film...