LOS ANGELES -- Metro-Goldwyn-Mayer Inc. ("MGM") today announced that the company's restructuring has become effective, with exit financing of $500 million in place. The company's "pre-packaged" plan of reorganization (the "Plan") was confirmed on December 2, 2010, by the U.S. Bankruptcy Court for the Southern District of New York.

"MGM is emerging from one of the most challenging periods of its storied history. We are honored and inspired at the opportunity of leading one of Hollywood's most iconic studios into its next generation of unforgettable filmmaking, global television production and distribution, and aggressively pursuing, developing and exploiting new digital entertainment platforms," said Gary Barber and Roger Birnbaum, Co-Chairmen and Chief Executive Officers of MGM. "Beginning today, MGM is a stronger, more competitive company, with a solid financial foundation and a bright future. We look forward to working with MGM's dedicated employees to build upon this company's legacy."

MGM has a significantly improved financial position with secured lenders exchanging approximately $5 billion, including accrued interest and fees, for most of the equity in the company. As part of its exit financing, MGM raised $500 million to fund operations, including production of a new slate of films and television series. JPMorgan arranged MGM exit financing.

 

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CHICAGO -- NEC Display Solutions of America, a leading provider of commercial LCD display and projector solutions, plans to award a total of $100,000 in NEC products through a series of new contests. Registrants of its innovative Star Student (education), Business Advantage (small-to-medium businesses), Medical+ (healthcare) and Cinema Advantage (theater) programs are each eligible to win $25,000 for their respective facilities.

Besides registering in the NEC marketing program for which it qualifies, each participating organization must complete a registration form and upload a two-to-three-minute video, detailing why its classroom, office, lobby or theater needs a technology makeover. The deadline for photos and video entries is February 28, 2011.

"The makeover phenomenon on television and the Internet has really struck a chord with people, so we wanted to give our valued customers the opportunity to showcase the energy they exhibit each and every day to succeed," said Ashley Flaska, Vice President of Marketing at NEC Display. "Successful organizations put their creative hats on to inspire students, turn prospects into advocates, and assist patients in their respective fields, so we're looking forward to channeling that creativity into some very compelling entries."

The top 5 entries in each marketing program will be chosen by NEC judges and then posted on NEC's website for public voting between March 7, 2011, and March 31, 2011.

Winners will be announced in April 2011. In addition, runners-up in all four categories will each be awarded a 32-inch NEC E321 LCD display for their respective schools, offices, medical facilities or theaters.

For more information on participating, please visit www.necdisplay.com/25KGiveaway/.

 

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Beverly Hills, CA - Two hundred forty-eight feature films are eligible for the 2010 Academy Award® for Best Picture, the Academy of Motion Picture Arts and Sciences announced today. To be eligible for 83rd Academy Awards® consideration, feature films must open in a commercial motion picture theater in Los Angeles County by midnight, December 31, and begin a minimum run of seven consecutive days.

Under Academy rules, a feature-length motion picture must have a running time of more than 40 minutes and must have been exhibited theatrically on 35mm or 70mm film, or in a qualifying digital format.

Feature films that receive their first public exhibition or distribution in any manner other than as a theatrical motion picture release are not eligible for Academy Awards in any category.

The 83rd Academy Awards nominations will be announced live on Tuesday, January 25, 2011, at 5:30 a.m. PT in the Academy's Samuel Goldwyn Theater. Academy Awards for outstanding film achievements of 2010 will be presented on Sunday, February 27, 2011, at the Kodak Theatre.

 

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HOLLYWOOD, Calif. -- Boasting "more innocent victims and more scares than its predecessor" (Claudia Puig, USA Today) the terrifying thriller PARANORMAL ACTIVITY 2 materializes in a Blu-ray/DVD Combo Pack and standard DVD February 8, 2011 from Paramount Home Entertainment. Hailed by critics and audiences alike as "one of the scariest films of all time" (ARTISTDirect), PARANORMAL ACTIVITY 2 solidifies the franchise as the hottest new horror series that has viewers clamoring for more. The chillingly realistic prequel to 2009's horror phenomenon chronicles the frightening days leading up to the events of the original film, marking the return of Katie, Micah and the terrifying and malevolent presence that's torturing them. When Katie's sister Kristi and her husband find their house vandalized after bringing home their new baby, they set up 24-hour surveillance cameras. What unfolds on the footage is far more sinister and shocking than anything they could have imagined.

The PARANORMAL ACTIVITY 2 Blu-ray/DVD Combo and standard DVD available at retail both offer the original theatrical version of the film, plus exclusive, never-before-seen found footage, including an extended, unrated version that was too intense for theaters. The Blu-ray/DVD Combo also includes a digital copy of the unrated version. The rental DVD and Blu-ray discs present the original theatrical version of the film.

PARANORMAL ACTIVITY 2 Blu-ray/DVD Combo & DVD

The PARANORMAL ACTIVITY 2 Blu-ray is presented in 1080p high definition with English 5.1 DTS-HD Master Audio, French 5.1 Dolby Digital, Spanish 5.1 Dolby Digital, Brazilian Portuguese 5.1 Dolby Digital and English Audio Description with English, English SDH, French, Spanish and Brazilian Portuguese subtitles. The DVD in the Combo pack is presented in English 5.1 Surround with English, French and Spanish subtitles. The single disc DVD is presented in widescreen enhanced for 16:9 televisions with Dolby Digital English 5.1 Surround, French 5.1 Surround, Spanish 5.1 Surround and English Audio Description and English, French and Spanish subtitles.

The Blu-ray/DVD Combo pack breakdown is as follows:

Blu-ray:

* Original Theatrical Version of the Film
* Unrated Version of the Film
* Found Footage
* Teaser Trailer


DVD:

* Unrated Version of the Film
* Digital Copy of Unrated Version


The single disc DVD includes the following:

* Original Theatrical Version of the Film
* Unrated Version of the Film
* Found Footage
* Teaser Trailer

 

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Los Angeles -- The Motion Picture Association of America, Inc. (MPAA), today announced the addition of Karen Thorland to its legal team as Vice President and Senior Content Protection Counsel. Beginning on January 18, Thorland will manage domestic content protection civil litigation and will oversee and coordinate the Association's worldwide civil litigation efforts. She and her team will also provide legal support for the Association's worldwide content protection department. She will be based in Los Angeles and will report to Daniel Mandil, Senior Executive Vice President, General Counsel & Chief Content Protection Officer.

"The MPAA vigorously pursues the intellectual property rights of our members in jurisdictions around the world and Karen is uniquely qualified to lead our team of U.S. content protection lawyers as our industry continues to evolve in an ever-changing landscape. We are thrilled to have her join the MPAA's Legal Department," said Mandil.

Thorland will fill the position held by Lisa Stone when she leaves the MPAA in January to raise her young children. Thorland joins the MPAA from her partnership at Loeb & Loeb, LLP which she joined in 2001. She has deep experience in a broad range of litigation and intellectual property matters, including copyright and trademark, rights of publicity and privacy, First Amendment, entertainment contractual disputes and appeals.

She has represented prominent entertainment industry clients, including the major and independent film studios, producers and music companies, as well as interactive companies, internet marketers and advertisers. Prior to joining Loeb & Loeb LLP, Thorland was an associate at Jones Day from 1994 to 2001.

Thorland has also done pro bono work on behalf of Jewish Family Services of Los Angeles, The Rape Treatment Center at Santa Monica-UCLA Medical Center and Orthopaedic Hospital, and the ACLU Foundation. She is a graduate of the University of California at Los Angeles School of Law, and the University of California at Santa Barbara.

 

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