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Entertainment & Sports

Jan. 29, 2010

Loan Payments Cast Shadow on MGM

Debt-burdened movie studio Metro-Goldwyn-Mayer is staring down the barrel of a twice-extended loan payment due Sunday, but is likely to receive another extension as it decides whether to sell itself at auction, enter bankruptcy or both.

Studio weighs options to settle debts from leveraged purchase

By Jean-Luc Renault

Daily Journal Staff Writer

LOS ANGELES - Debt-burdened movie studio Metro-Goldwyn-Mayer is staring down the barrel of a twice-extended loan payment due Sunday, but is likely to receive another extension as it decides whether to sell itself at auction, enter bankruptcy or both.

MGM, faced with a...

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