Spyglass

Spyglass, founded in 1998, is "Star Trek" the latest remake, "to the Greek Theatre" and the recent film production company. Previously, one of MGM's creditors - and the famous billionaire investor Carl Icahn has proposed corporate acquisition premium in the hands of MGM claims of other creditors, the right to veto the transfer of the management program to Spyglass, but he did not get enough support, we were unable to block the program.

In addition, Icahn has also been the most influential to persuade MGM creditors, hoping that MGM and Lions Gate Entertainment competitors combined. Icahn is the largest shareholder of Lions Gate Entertainment, he managed to acquire throughout the year in the company. After the talks broke down, Icahn abandoned plans to merge.

In addition to Icahn's Lions Gate Entertainment, the MGM Group has also tried other ways to avoid bankruptcy. Among them, the Indian companies have bid Group Sahara India Pairwar $ 2,000,000,000, but in the end was the major creditors refused to MGM; In addition, MGM has also Oct. 29 this year to buy all the urban centers of Las Vegas Boulevard ownership of the grounds, trying to finance 1.8 billion U.S. dollars, but do not want to just 5 days later, the group had to declare bankruptcy.

In fact, MGM had had to do to enter bankruptcy protection for all the psychological and public opinion. In recent years, MGM has been relying on borrowing, "hardcore", especially in 2009, a succession of news that MGM to keep the creditors call "Mayday" in the hope that they can time the company delay debt interest payments next year in February, otherwise the chain of the company's capital will be seriously broken. Another source said, in order to obtain sufficient time, this "Hollywood" film and television giant has had seven face at Huochu subordinated loans for an extension.