NYT – Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer, after impressing a group of hedge funds holding large amounts of the movie studio’s debt, Reuters said, referencing a report by The Wall Street Journal, which cited people familiar with the matter.
Under a plan being discussed with M.G.M.’s hedge-fund creditors, Spyglass co-heads Gary Barber and Roger Birnbaum would run the studio as co-chief executives, The Journal said.
