LOS ANGELES -- Metro-Goldwyn-Mayer Inc. ("MGM") today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved the company's "pre-packaged" plan of reorganization (the "Plan"), clearing the way for MGM and its subsidiaries to emerge from Chapter 11 in short order. In confirming the Plan, Judge Stuart M. Bernstein found that it satisfied the various requirements of the U.S. Bankruptcy Code.

"Today's ruling is an important milestone for MGM," said Co-Chief Executive Officer Stephen Cooper. "Thanks to the support of our lenders and the hard work of our employees, we have moved through the restructuring process quickly. By dramatically reducing MGM's debt load and providing MGM with access to new capital, the reorganization plan the Court confirmed today will enable MGM to emerge from this process with a solid financial foundation and will position MGM to be a successful studio going forward."

MGM expects the Plan to become effective by mid-December, once the conditions of effectiveness have been met. Upon its emergence, the Company's secured lenders will exchange approximately $5 billion, including accrued interest and fees, for most of the equity in MGM. MGM will be led by Gary Barber and Roger Birnbaum, who will serve as Co-Chairman and Chief Executive Officers of MGM Inc. MGM previously received approval, on November 12, 2010, from the Court on its motion to retain JPMorgan Chase to arrange $500 million in exit financing to fund operations, including production of a new slate of films and television series, and expects to have that exit financing funded by mid-December.

The Company's restructuring counsel are Skadden, Arps, Slate, Meagher & Flom LLP and Klee, Tuchin, Bogdanoff & Stern LLP, its restructuring advisor is Zolfo Cooper, and its financial advisor is Moelis & Company.


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Washington D.C. -- The Will Rogers Motion Picture Pioneers will honor former Walt Disney Studios Chairman Dick Cook as its 2011 "Pioneer of the Year," it was jointly announced today by Jeff Goldstein, President of The Will Rogers Motion Picture Pioneers Foundation and Mitch Neuhauser, Managing Director of CinemaCon. In a show of industry unity, the award presentation will take place at the launch of CinemaCon, to be held March 28 - 31, 2011 at Caesars Palace in Las Vegas. When it debuts, CinemaCon, the official convention of The National Association of Theatre Owners (NATO), will be the largest and most important gathering of cinema owners and operators from around the world. The Pioneers will bestow this prestigious honor on Mr. Cook at an all-industry gala dinner on Wednesday evening, March 30.

"From the outset, NATO's main objective for CinemaCon was to create an event about and for the entire industry. Our partnership with The Will Rogers Motion Picture Pioneers Foundation demonstrates our commitment to that important goal," noted John Fithian, President and CEO, NATO. "The most exciting aspect of course, is having Dick Cook as the honoree of our first joint effort. Exhibitors have held Dick in the highest regard throughout his illustrious career."

"Dick's career is a great example of the American dream. Not only did he work for his success, he has helped many individuals along the way," said Goldstein. "We are very honored to have Dick Cook as our 2011 Pioneer of the Year, an honor he well deserves."

The Pioneer of the Year Dinner, an industry tradition for 70 years, honors leaders of the motion picture industry and within the philanthropic community. Past honorees include Cecil B. DeMille, Jack Warner, Darryl F. Zanuck, Frank G. Mancuso, Jack Valenti, Terry Semel, Sumner Redstone, Sherry Lansing, Alan Horn, Jeff Blake, Mike Campbell, Marc Shmuger, David Linde and in 2010, Rob Moore. Proceeds from the event go to the Motion Picture Pioneers Assistance Fund (MPPAF), an industry charity that helps movie industry veterans who are encountering an illness, injury or life-changing event.

Dick Cook began his 38-year career with The Walt Disney Company in 1970, where he was a ride operator on the park's steam locomotives and monorail at Disneyland in Anaheim. By 1980 Cook entered the motion picture business at Disney as assistant domestic sales manager for the Buena Vista Distribution Company and quickly moved up the ranks. As chairman, Cook oversaw all aspects of the development, production, distribution and marketing for all live-action and animated films released under the Walt Disney Pictures, Touchstone Pictures, Hollywood Pictures and Miramax banners worldwide. He was also responsible for Disney's worldwide home entertainment operations, as well as Walt Disney Music Group, Walt Disney Theatrical Productions, the Studio's legal and business affairs, new technology and environmental initiatives.

Under Cook's leadership, the Studio achieved numerous milestones and had been one of the leading domestic and international distributors for over a decade with global box office receipts in excess of two billion dollars each year. During his tenure, the Studio released 60 films that grossed more than $100 million each domestically. No other studio had accomplished that extraordinary feat.


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Source: Film Music Magazine

In a recent interview, composer David Arnold discusses the status of the latest installment of the popular James Bond franchise:

"We only just got the news that we're back on. But ‘there's many a slip twixt cup and lip' So I will keep quiet until I get a script and then start writing ideas. I just hope the next one is as good as my favorites, as I think everyone does. And I'm always interested in what Daniel Craig brings to the part. But like most things with movies, if it ain't on the page etc... All I can say is that I'm looking forward to a great script for it, alongside every other Bond fan in the world!"

The property has been in trouble due to MGM's financial troubles, but it now looks like the spy will be back in November 2012.


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December 2, 2010 -- Edward Norton announced today that his social philanthropy and fundraising site Crowdrise.com, which recently partnered with the New York Road Runners to help raise over $30 million for the ING New York City Marathon, 2010, is launching a new campaign for the holiday season called the Crowdrise Holiday Fundraiser Thing (CHFT). Crowdrise brings the power of crowdsourcing and the fun of social networking to giving back and Norton has enlisted over 20 of his "sort of famous friends" to help get everyone to participate.

The ever growing list of celebrities getting involved on Crowdrise include: Ashton Kutcher, Will Ferrell, Edward Norton, Liz Banks, Jonah Hill, Kristen Bell, Paul Rudd, Mandy Moore, James Franco, Seth Rogen, Christina Applegate, Sophia Bush, Austin Nichols, Flea, Kate Walsh, Robin Quivers, Jason Bateman, Patricia Arquette, Russell Brand, Glen Hansard, Rosie Perez, John Legend, Paul Pierce, David Blaine and Barbra Streisand.


Crowdrise is encouraging, and really peer pressuring, the rest of the world to get involved in a few different ways.

1. Assuming people are decent typists, in one minute or less, they can join a celebrity's fundraising team and help them raise money for their cause. So, if someone wants to raise money for the American Cancer Society they can join Paul Rudd's team and then reach out to their own friends and family and ask everyone to donate to their campaign under Paul's umbrella.

2. People can start their own personal fundraiser for the charity that they care about most and have a chance to win $3,000 for their campaign from Judd Apatow. That's right, super writer, producer, and director Judd Apatow, is donating $3,000 to the top three non-celebrity fundraising campaigns as long as everyone promises to watch all of his movies from now until eternity and to read his book "I Found This Funny" which he wrote to raise money for 826 National.

3. People can donate to any charity and send a holiday e-Card to the person they're donating on behalf of. They're predicting this is the only present that most people won't end up regifting, recycling, throwing away or just getting mad about receiving this year. Basically, a donation is the best present ever.

Crowdrise has amassed a collection of amazing prizes and contests for those "slightly self-interested" folks who donate and fundraise. Some of the prizes include: a cowbell signed by Will Ferrell, North Face Jackets, a signed Ashton Kutcher poster for the movie No Strings Attached (which isn't even out yet), and a Live Chat with Paul Rudd. And Kristen Bell, Patricia Arquette and Will Ferrell are incentivizing people to do some holiday shopping on Crowdrise. Bell is selling a necklace she designed that goes to benefit Invisible Children, Arquette is selling jewelry to benefit her charity which is raising money for Haiti and Ferrell is selling suntan lotion with a photo of him naked on it to benefit his Cancer for College campaign. Contests and prizes will be added to Crowdrise regularly so that everyone can keep coming back to embrace the chaos.

Crowdrise founder, Edward Norton, recently said, "People like to do nice things for each other and have fun around the holidays so we put this together in that spirit. And, hey, if you can get a guy with a 3rd degree black belt and a reputation for fierce, dark action films like Judd Apatow to bring out his funnier, goofy and generous side, you've got to be doing something right."

According Judd Apatow, "I think Crowdrise came to me because when they were looking for corporate sponsorship, they thought Pepsi? No. Nike? No. Apatow... yes. Really though, Crowdrise is helping make fundraising fun. I love that and I want to be a part of it. This is a great community of regular people hustling for charity and I wanna introduce an element of vicious competition to it all. I hope that doesn't ruin the good vibes."

Crowdrise's slogan is "If You Don't Give Back No One Will Like You" and they're hoping that their drive to push holiday giving will result in the whole world embracing and French-kissing each other like mad come New Year's Eve.


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HONG KONG, CHINA - Harkness Screens (Booth 214), the world's leading manufacturer of projection screens, is pleased to announce that its SpectralTM 240 3D presentation surface will be showcased at CineAsia 2010's premier screening venue. The Spectral 240 silver screen, measuring five meters by nine meters, will be used in Theatre Two of the Hong Kong Convention and Exhibition Centre (HKCEC) for studio presentations of the cinema industry's most anticipated upcoming releases.

"As the release of 3D films in cinemas continues to rise rapidly, we are proud that CineAsia has chosen to use our Spectral 240 3D silver screen in its main screening room," says Jeff Samitt, managing director, group sales and marketing, Harkness Screens. "Our state-of-the-art Spectral 240 is a testament to our dedication to providing the worldwide cinema industry with the best presentation surfaces possible."

CineAsia is the only pan-Asian event of its kind. As the sister event to ShowEast and Cinema Expo International, CineAsia maintains the same standards of programming, seminars, special events and suppliers. CineAsia also screens major Asian and Hollywood films and offers educational programs specifically geared toward the needs of the Asian cinema exhibition community.

The Harkness Spectral 240 3D screen is considered by cinema exhibitors and special venue operators worldwide to be the optimum 3D projection surface for systems using polarised light. The Spectral 240 features a high extinction ratio and provides spectacular 3D images. The surface also supports 2D images and can be used successfully in auditoriums where 2D and 3D are both shown. The intrinsically high gain (2.4) overcomes light losses in 3D systems.

CineAsia 2010 will be held December 7 - 9, 2010 at the Hong Kong Convention and Exhibition Centre. CineAsia is a unique event that brings together Asian cinema industry professionals, from cinema owners and suppliers to film buyers and distributors.


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