Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Metro-Goldwyn-Mayer Studios Inc. entered the final act of its reorganization when it won court approval, clearing the way for the storied Hollywood studio to emerge from bankruptcy with new owners.
U.S. Bankruptcy Judge Stuart Bernstein approved the restructuring plan at a hearing Thursday in Manhattan. Jay Goffman, a lawyer for MGM, said the company expects to emerge from bankruptcy in a few weeks. Get the full story »
Blockbuster Inc. is in the final stages of preparing a long-awaited bankruptcy filing, marking a milestone in consumers’ shift away from brick-and-mortar video stores to films delivered by mail and the Internet.
Blockbuster, struggling amid more than $900 million in debt, could file for Chapter 11 bankruptcy protection in the next few days, said people familiar with the matter. The filing could come as soon as Wednesday, they said, and is likely to come by Friday or sometime next week. Get the full story »
