Comments (16)

• More Hollywood layoffs.

  BTW – Any progress on the SAG/AMPTP negotiations so this town can start working again (or was this unrelated)?

  Comment by Geez — Wednesday April 1, 2009 @ 8:30pm PST  Reply to this post

• Wait. MGM has a “TV side”? Since when?

  Comment by Leeroy — Wednesday April 1, 2009 @ 9:18pm PST  Reply to this post

• I think we’ve all laid SAG to rest and moved on. SAG is not able to be anything to anyone… so there’s no real news worth writing about is there?

  Comment by Helen Hill — Wednesday April 1, 2009 @ 9:23pm PST  Reply to this post

• You know, Leo the Lion has been trying to roar for years… at some point the 5,000th reinvention of MGM just is not going to happen again. And it’ll be said to see that logo diminish given it’s rich history. Then again, it hasn’t been the same company for some time now, but it was nice to still have it around just the same.

  Comment by Troy — Wednesday April 1, 2009 @ 11:14pm PST  Reply to this post

• These guys should merge with Summit.

  Comment by INterested Observer — Wednesday April 1, 2009 @ 11:20pm PST  Reply to this post

• Thank you for getting it out there about the MGM lay offs today.

  Comment by Katie Storer — Thursday April 2, 2009 @ 12:34am PST  Reply to this post

• mgm has a great library, great upcoming projects, but they need some new business development blood and ideas (i.e., innovation)

  mgm could be a very different place in not a long amount of time; but without solid financial direction and leadership…

  if people in their 20’s and 30’s can run multi million dollar tech, comic and video game companies i’m quite sure they could do so at mgm

  harry needs to bring in a team of people who can exploit their current and future assests and get that debt under control – which isn’t as difficult as it might seem

  the reason wall st or anyone else is skeptical as to the viability of the place is due to corporate stagnation – there are a lot of things mgm could be doing and they simply aren’t.

  bring in new blood at the top – let someone else drive this bus mr. sloan or it’s going to go off a cliff

  yes you could be the nxt out of work rich guy and drink mai tais on some beach for the rest of your life – or in two to three years you could have yourself a company with a solid future and a nice little ipo

  but harry – you need a team there making fiscal and operational decisions people can believe in –

  the entertainment world is changing at the speed of thought and you need some faces and biz models that can convey to investors that the company gets it and is taking bold creative action – not same old same old ‘let’s keep our fingers crossed for 1 or 2 monster hits to get us out of this hole’

  if mgm continues they way they are we know how it’s going to end – you must be open to out of the box ideas here harry

  take some meetings with people you might not ordinarily take – there are a lot of young smart people out there that can salvage this and get you to five bucks a share

  trust me – i mean i am an anonymous person on the internet

  Comment by gordon gecko — Thursday April 2, 2009 @ 12:38am PST  Reply to this post

• “But I’ve confirmed that about 3% to 4% of the studio’s total employment was “restructured” today…”

  So now there are twelve people working at MGM including interns?

  I totally agree with you Nikki. I honestly can’t understand how MGM hasn’t gone the way of flesh by now. How does this studio keep on coming back from the brink of death?!!! I mean, they were owned by a bank at one point!!!

  I’ve been saying for years it’s only a matter of time before a bigger player like Fox or Warners swoops in and buys up what’s left.

  Especially when all those whispers about MGM being unsure how they are going to finance the next Bond film start getting louder.

  Comment by Warner Borg — Thursday April 2, 2009 @ 3:17am PST  Reply to this post

• Here’s what I think is a joke. MARY PARENT. She’s making some of the worst choices I’ve ever seen. A remake of BRIGHT LIGHTS BIG CIT? VALLEY GIRL? She’s tring to relive her youth. Mary – no one cares. You, along with the studio you “head” are as irrelevant as the choices in the films you want to re-make.
  And the stooges – if that happens – shame.

  Comment by dan — Thursday April 2, 2009 @ 5:16am PST  Reply to this post

• How much are they paying Mary Parent? Why not reduce her salary by 90% she can live on just 10% and save some jobs? Come on Mary don’t ge so greedy. You’re overpaid and you know it. Anyone could do your job at a fraction of the price.

  Comment by Anonymous — Thursday April 2, 2009 @ 8:49am PST  Reply to this post

• Enron stock is worth more than MGM, seriously.

  Comment by Anonymous — Thursday April 2, 2009 @ 2:46pm PST  Reply to this post

• If true about Ankeles, too bad, he’s a good guy.

  Comment by Harvey Wallbanger — Thursday April 2, 2009 @ 3:00pm PST  Reply to this post

• I have never met so many untalented, arrogant, under-qualified and generally STUPID people in any one place – in my entire life…it won’t last…it’s a pity…that’s tragically pitiful.

  Comment by kitty — Thursday April 2, 2009 @ 6:27pm PST  Reply to this post

• response to gordon gecko. Harry needs to be replaced. change that. He shouldn’t have been hired in the first place.

  MGM library isn’t great and it’s not MGM. Isn’t it all the UA titles? Wasn’t MGM library sold to Ted Turner like 10-20 years ago? I don’t get who would want an MGM tv channel and watch leftover junk.

  agree with kitty.

  Comment by tc — Friday April 3, 2009 @ 9:24am PST  Reply to this post

• All I can say is THANK GOD someone finally said it! Pryor is…shall I say was… without a doubt the most USELESS studio publicist in the business today. I’ve had first hand knowledge of that!!!

  Comment by Cage Free Lioness — Saturday April 4, 2009 @ 10:12am PST  Reply to this post

• MGM hired a marketing exec. just days ago…So fire enough hardworking asistant-types and you have the dough to hire a ‘marketing-savior’….I guess…

  Comment by Venician — Tuesday May 19, 2009 @ 7:40pm PST  Reply to this post