MGM
As I reported to you not long ago, legendary movie company MGM Inc. was drowning in debt and on the verge of bankruptcy.
Tomorrow, MGM will be up for bids to be bought out! Potential players who may buy MGM are Time Warner Inc. and Lions Gate Entertainment Corp.
The eventual winner would gain the right to make new James Bond movies, win half of the rights to the next two “Lord of the Rings” movies based on “The Hobbit” and snatch the studio from a possible bankruptcy filing. Nonbinding bids are due tomorrow, Friday.
After bids come in Friday, financial adviser Moelis & Co. will recommend whether to have a second round of bidding or have MGM attempt to restructure its debt on its own.
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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!
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Bob Barker
Bob Barker, the beloved former ‘Price is Right’ host recently released his new biography “Priceless Memories”. I just learned that Bob made a comeback appearance on the Price is Right last month to promote the book. This is new to me! Here’s a few things I learned…
These 4 topics are said to be in his book:
* He’s A War Hero And Hoopster. Before he ever got shot by a camera, Bobby B. practiced dodging bullets while training to be a Navy fighter pilot during WWII. [Bookpage] And he shot hoops on a basketball scholarship at Drury College in Missouri. [Drury.edu]
* He’s A Rebel With A Cause. After decades of coloring his hair to fit game show host standards, in 1997 Bob publicly dissed the dye as it was tested on little furry animals. After 51 years on television, he was mighty silver by the end. Now, he’s credited with trail-blazing the gray trend for TV men. [Answers]
* He Hearts Animals. Bob credits Dorothy Jo, his high school sweetheart-turned-wife of 36 years, for inspiring him to become a vegetarian. After 20 years, he quit hosting the Miss USA pageants when they refused to remove fur prizes. [People]
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mj
Associated Press London reports Tickets to Michael Jackson’s 50 shows in London have already sold out. WHOA!
Tickets went on sale to the public on line and at the O2 arena in London Friday morning. The shows will kick off in July.
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