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Sat, Dec 19 2009 | Published in MOVIES

MGM Talks with News Corp reach impasse

By: HollywoodNews.com

Fox is interested in MGM’s valuable 4,000-title film library (“Pink Panther,” “James Bond” Series, etc.), according to the LA Times. Earlier in the year, Harry Sloan, MGM Chief Executive, was ousted and replaced by Stephen F. Cooper. At this time MGM is trying to restructure its debt ($3.7 billion) to avoid bankruptcy.

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