Latest News 2011 January MGM Emerges from Bankruptcy

MGM Emerges from Bankruptcy

Metro-Goldwyn-Mayer has reportedly emerged from Chapter 11 bankruptcy. Two men will reportedly take over as co-chairmen and chief executives. Now, as the company is reorganized, it has about 320 employees and $500 million in new financing from JP Morgan. The films the company had to put on hold due to the filing will likely go back into production now.     

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Categories: Chapter 11 Bankruptcy