Hollywood icon MGM files for bankruptcy A photograph of the late actor Marlon Brando is framed bya portion of the Academy Awards bestowed upon films from movie studio Metro-Goldwyn-Mayer Inc. , on display at the studio's Los Angeles office in this March 8, 2006 file photo. Metro-Goldwyn-Mayer Studios Inc filed for bankruptcy on November 3, 2010, marking a climax toa drawn-out restructuring for the storied Hollywood studio that controls the James Bond films and made "The Wizard of Oz. [Photo/Agencies] NEW YORK --Metro-Goldwyn-Mayer Studios Inc filed for bankruptcy on Wednesday, marking aclimax toadrawn-out restructuring for the storied Hollywood studio that controls the James Bond films and made "The Wizard ofOz." The Chapter 11filing follows last week's vote bycreditors tosupport aprepackaged bankruptcy inwhich MGM will shed more than $4billion of debt and hand control toits secured lenders. Management would beassumed (开始承担)byGary Barber and Roger Birnbaum, who run the Spyglass Entertainment pany. MGM filed for protection from creditors after striking anagreement with Carl Icahn, one ofits largest debtholders, towin the billionaire's support for arestructuring. Icahn previously supported abid tomerge MGM with another studio, Lions Gate Entertainment Corp. MGM also said its secured lenders overwhelmingly support the anization. MGM was founded in1924 and isknown for its roaring l
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