MGM has $3.7 billion in debt, and the pessimistic estimates are showing only $1.5 billion in assets.The studio released only one film in 2009 - the remake of Fame.
Thursday, November 12, 2009
MGM headed for sale - Entertainment News, Film News, Media - Variety
"Several sources say they expect that MGM will essentially be auctioned off within the next few weeks."
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