The day when we can stop talking about MGM’s money problems is nearly at hand, with the studio officially naming the CEOs of Spyglass Entertainment as their stern new taskmasters, and releasing a reorganization plan that involves converting all of their debt of over $4 billion into equity in the company. You can check out the terms of the reorganization plan here. As you'd expect, it’s all quite dull and inside-baseball, but the gist of it is: MGM has narrowly avoided death once again, it will likely lose its marketing and distribution divisions and just stick to producing, some people will lose their jobs but executives will make more money, and barring any further disasters, someday you’ll get to see another James Bond movie and The Hobbit.
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