“Our release schedule for the balance of this year holds great promise, and our home video and television distribution operations continue to generate stronger than expected revenue and cash flow.”
“To report $44 million of EBITDA and $27 million of net income, with only one minor theatrical release during the quarter, says a lot about the new MGM,”
“This restructuring will make MGM a much stronger and effective competitor, resulting in cost savings and revenue enhancements that will far exceed the related charges,”
