MGM lenders approve reorganization plan
MGM's Board of Creditors approved a plan to reorganize MGM's movie studio. This was announced in the company's official press release. MGM can now benefit from Section 11 of the US Bankruptcy Code. During the procedure, Spyglass will remain the managing structure of the movie studio. Let us remind you that MGM owes its creditors about four billion dollars. It was because of the financial problems of the movie studio that the fate of the `` Hobbit '' dilogy was uncertain for a long time. The prospects for another highly anticipated project by movie lovers, the 23rd episode of Bond, are still unclear. p> The Topic of Article: MGM lenders approve reorganization plan. |
