Wednesday 3 November 2010

Companies Film "James Bond" Bankrupt

Daftar Nama Hotel - One of the biggest icons of Hollywood movie studio, Metro-Goldwyn-Mayer Studios Inc. (MGM), finally was able to maintain its existence after struggling for years to overcome debt. The landlord eventually filed for bankruptcy protection in court.

MGM Studios Inc., which among others has the right to hit James Bond film franchise, will likely merger with Spyglass Entertainment, as part of the reorganization proposal.

As reported the Daily Mail, the plan would allow creditors MGM, which includes Credit Suisse and JP Morgan, to download the swap of more than 4 billion U.S. dolalr debt for equity in the reorganized company.

MGM, which raise such Hollywood legends Clark Gable, Greta Garbo and Buster Keaton, to produce a lot of Hollywood movies of the most famous.

MGM said in a statement they hoped the case federal bankruptcy judge will approve the restructuring within 30 days.

Carl Icahn, investor and MGM's biggest creditor, said he supports the bankruptcy filing.

MGM - which produces classic including "The Wizard of Oz" and "Cat On A Hot Tin Roof" and modern horror Hannibal - seek shelter along with 160 affiliates in bankruptcy court in Manhattan.

For Spyglass, the advantageous position of his party. Given the great potential with marger control MGM. Reportedly, Spyglass poured funds amounting to 4 billion U.S. dollars to acquire MGM, as well as pay off his debts worth 2.85 billion U.S. dollars. MGM any leadership position, the information, taken over the Director of Spyglass, Gary Barber.

Over the last few years, MGM limped to reduce its debt. They kept trying to perform various rescue measures, including seeking new investors. Finally, an agreement, the contents of which occur in the body MGM downsizing. In that condition, MGM offered to Spyglass.