MGM: Might Greenlight Movies?
Claudia Eller, the entertainment warhorse of the LA Times, has a nice scoop today that suggests that the dead-and-buried MGM might be clawing it’s way out of the grave under new CEO Harry Sloan.
Who’s Harry Sloan, you ask? Well, as Claudia points out, he’s not the guy to bet against:
“He bought New World Entertainment for $2 million from director Roger Corman in 1983 and sold the company six years later to financier Ronald Perelman for $300 million…In 1999, as head of European media company SBS Broadcasting, Sloan led a group of investors that put up $30 million to recapitalize Lionsgate.
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