MGM har gjennomgått en krevende konkurs. Studioet har fått slettet store deler av sin enorme gjeld på fire milliarder dollar. Nå skal studioet ledes av Spyglass Entertainment-toppsjefene Gary Barber og Roger Birnbaum.

«MGM is emerging from one of the most challenging periods of its storied history. We are honored and inspired at the opportunity of leading one of Hollywood’s most iconic studios into its next generation of unforgettable filmmaking, global television production and distribution, and aggressively pursuing, developing and exploiting new digital entertainment platforms. Beginning today, MGM is a stronger, more competitive company, with a solid financial foundation and a bright future. We look forward to working with MGM’s dedicated employees to build upon this company’s legacy,» sier Gary Barber og Roger Birnbaum i en uttalelse.

MGM har nylig annonsert at den nye James Bond-filmen kommer i november 2012. Filmen skal regisseres av Sam Mendes. Det er imidlertid uvisst om MGM vil fortsette å distribuere Bond-filmene.