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) ...

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 article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. Beleaguered studio MGM has been given a reprieve by its lenders from its ...

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’s moves on Tuesday may please investors who’d fretted about Leo’s $3.7 billion in debt. But the shakeup does little to enhance the Lion’s reputation as a place to make movies. To appease its debt ...

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 ...

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 ...

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 ...