According to the Wall Street Journal, Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer Inc., according to people familiar with the matter. The beleaguered film studio races to restructure a roughly $4 billion debt load this summer.
Spyglass co-heads Gary Barber and Roger Birnbaum would run the studio as co-chief executives under a plan being discussed with MGM’s creditors, these people said.
Deadline.com has a similar story also filled with conjecture and word-on-the-street information but they don’t require a subscription so you can read the whole story here.
