MGM Holdings
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| Type | Holding company[1] |
|---|---|
| Industry | Film |
| Founded | February 11, 2005[2][3] |
| Headquarters | Century City, Los Angeles, California, United States |
| Products | Motion pictures Television programs |
| Website | http://www.mgm.com/ |
MGM Holdings Inc. is a Delaware-registered pure holding company and the parent company of the American media company Metro-Goldwyn-Mayer. Through this holding company, the entertainment & investment consortium own the Hollywood studio. Its headquarters are in the MGM Tower in Century City, Los Angeles.[4]
It was formed on February 11, 2005[2] by a Sony-led consortium and on April 8, 2005, it acquired MGM in a $4.8 billion leveraged buyout. From that period until its emergence from bankruptcy on December 20, 2010, it was owned by Providence Equity Partners (29%), TPG Capital (formerly Texas Pacific Group) (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%), and Quadrangle Group (3%).[5][6]
Upon the emergence from Chapter 11, MGM’s secured lenders, including Credit Suisse and JPMorgan Chase[7][8][9], exchanged more than $5 billion in debt for most of the equity in MGM, and the consortium's ownership was wiped out. Currently, the lenders own MGM through this holding company.
The heads of Spyglass Entertainment, Gary Barber and Roger Birnbaum, became co-Chairs and co-CEOs of the company under consent from the new owners. [10]
Contents |
[edit] List of assets
The company owns MGM Holdings II Inc. which in turn owns Metro-Goldwyn-Mayer Inc.[7][11][12] Metro-Goldwyn-Mayer Inc. directly or indirectly (through Metro-Goldwyn-Mayer Studios Inc.) owns and controls the following group companies.
[edit] Film Production/Distribution and Home Entertainment
- Metro-Goldwyn-Mayer Pictures Inc.
- United Artists Corporation
- Orion Pictures Corporation
- MGM Home Entertainment Distribution Corporation
[edit] Television
- MGM Television Entertainment Inc.
- MGM International Television Distribution
- MGM Networks Inc.
- MGM Channel (MGM HD)
- THIS Network LLC (Joint venture with Weigel Broadcasting)
- Epix (Joint venture with Viacom & Lions Gate Entertainment)
[edit] Other assets
- Metro-Goldwyn-Mayer Animation Inc.
- Metro-Goldwyn-Mayer Music Inc.
- MGM On Stage
- MGM Consumer Products
- MGM Interactive
[edit] Notes and references
- ^ "MGM Studios: Corporate Info". http://www.mgm.com/corporate/section/info/index.html. Retrieved 2010-04-22.
- ^ a b MGM Disclosure Statement page 424 (Appendix D: Audited Financial Statement. March 2009, page 6), October 7, 2010
- ^ Eyman, Scott. Lion of Hollywood: The Life and Legend of Louis B. Mayer. New York: Simon and Schuster, 2005. ISBN 0-7432-0481-6
- ^ "Corporate Information." Metro-Goldwyn-Mayer. Retrieved on September 6, 2011. "Our location, the sleek, beautifully appointed corporate headquarters at MGM Tower in Century City,[...]"
- ^ Sony Consolidated Financial Statements for the year ended March 31, 2008
- ^ Sony Global - Affiliated Companies (Outside Japan) Sony.net
- ^ a b "MGM 2010 Restructing". http://online.wsj.com/public/resources/documents/CopyMGM.pdf. Retrieved Jan 05, 2012.
- ^ "MGM restructuring becomes official, Studio completes restructuring with $500 million in financing". http://www.variety.com/article/VR1118029320. Retrieved Jan 05, 2012.
- ^ "MGM 2010 Restructing". http://www.globaltimes.cn/business/world/2010-12/603275.html. Retrieved Jan 05, 2012.
- ^ "Gary Barber and Roger Birnbaum assume leadership immediately as Co-Chairmen and Chief Executive Officers of MGM". http://www.prnewswire.com/news-releases/mgm-restructuring-plan-becomes-effective-112209709.html. Retrieved Jan 05, 2012.
- ^ "MGM Holdings II Inc Info". http://www.manta.com/c/mm8cjj5/mgm-holdings-ii-inc. Retrieved Jan 05, 2012.
- ^ MGM Holdings Voluntary PetitionMGM Voluntary Petition
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