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by Lisa Mason Lee on November 15, 2009
MGM
Legendary movie company and once a major movie studio MGM (Metro Goldwyn Mayer), is sitting on the edge of 4 billion dollars debt and a potential sale of the company! The death of Hollywood begins…
We all know MGM… the Lion that growls before the movie starts… yeah, that company. This is very sad news for every movie lover in the world. MGM is the birth and blood of moving motion pictures.
The MGM studio lot was sold years ago to Sony Pictures (wish they kept the org MGM sign!), which still resides over in Culver City. I had the opportunity to work there a few times, one being on “The Curious Case of Benjamin Buttons” movie. MGM currently has an office building over in Century City. I’m not aware of any current standing “MGM” named studios, but the company does shoot at the Sony studios. Sony owns part of the MGM brand/name/company now, along with a few other odd companies like Texas Pacific Group, Comcast Corp., DLJ Merchant Banking Partners and Quadrangle Group.
This must mean that the new MGM owners can’t take care of their baby due to their own company failures! We’re calling child protection services!
In my opinion this is very bad news and this reflects what kind of current state our entertainment industry economy is in.
Do a blockbuster NOW! Hurry! Save MGM!
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Comments
Not to worry about MGM..They shall come back with a VERY BIG BLOCKIBUSTER MOVIE.
Do you know that in times of trouble like the great Drepression in the 30′s the movies made more money and had more people coming to see them, Why you ask..It was because the movies, Films have always taken away the sorrow and depression from the people. Well at the very least it took it away for a few hours.
Films were made that made people happy and have a good BELLY Laugh.
“Let’s hear a REALLY BIG BELLY LAUGH”GOOD TIMES ARE COMING…:-) SOONNNNNNNNN!!!!!!!!!!!
b8***