What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on November 8, 2010.
Learn more about SpinDistribute Article Distribution System.

Burdened by Huge Debt MGM Bankruptcy

Article Category: Business

Author Name: xia zihui

American "Hollywood" film giant MGM Group (MGM) 11 月 3 that, due to inability to repay the huge 40 billion debt, the company announced apply to enter bankruptcy protection; this to "roaring lions" for the logo Decline and Fall of the Empire declared film.

Observers pointed out that the bankruptcy of MGM Television highlights the technology of DVD sales of new links and a huge impact, but also reflects the current global financial crisis, shrinking consumer demand for film and television market, investors cautious realistic shot. Of course, the MGM changed hands several times since the 70s, and owed a huge debt, it is the group famous "Roar" in the "Hollywood" film and television giants in the first five silence the most direct incentives.

Carl Icahn failed shot

According to MGM's statement, the group bankruptcy judge is expected to be approved in about one month after the bankruptcy plan. File for bankruptcy protection shows, MGM major creditors agreed to its massive debt into the new company 95% of the shares, the telescope entertainment companies get about 5% of the shares; the group plans to finish the bankruptcy proceedings to raise about 500 million dollars, for the filming of new movie and television programs to provide funding.

Earlier, the U.S. billionaire Carl Icahn has purchased 20% of MGM debt. Icahn has been the most influential in persuading the MGM creditors, hoping that MGM and Lions Gate Entertainment, competitors merge, Icahn was the largest shareholder of Lions Gate Entertainment. Icahn has proposed acquisition of MGM premium claims of other creditors in the hands, but failed to get enough support, so the failure to implement the program.

Recently, MGM creditors reached an agreement with Icahn, who abandoned plans to merge, agreed to the implementation of pre-set by its bankruptcy program. Icahn made at MGM for several changes to the restructuring plan agreed to support the company after the restructuring. Icahn said that the changes made to MGM to avoid a "bankruptcy may be costly and confusing process." Also there is news that MGM's biggest creditors have informally agreed to continue discussions on whether to merge MGM and Lions Gate Entertainment.

Escape the bad luck seven deferred repayment

In addition to Icahn's Lions Gate Entertainment, the MGM Group has also tried other means to avoid bankruptcy; in order to obtain sufficient time, this "Hollywood" film and television giants face has seven times at Huochu subordinated loans for an extension. Among them, the Indian companies have bid Group Sahara India Pairwar $ 2,000,000,000, but in the end was the major creditors refused to MGM; In addition, MGM has also in the last 29 to buy the Las Vegas Strip full ownership of the city center the ground, trying to finance 1.8 billion, but do not want to just 5 days after the group had to declare bankruptcy.

In fact, MGM had had to do to enter bankruptcy protection for all the psychological and public opinion. The Group of 10 was announced, in its creditors, at least about 2 / 3 of the creditors and more than half of the personal creditors voted to approve the bankruptcy plan in the intervention group. Creditors have agreed to remove more than 40 billion dollars of MGM's debt in return for the reorganized company's equity.

MGM will be expected to emerge from bankruptcy protection a month or two, the telescope will be entertainment company co-founder Roger Birnbaum, Gary Barber and MGM as co-CEO (CEO). At the same time, once the MGM out of bankruptcy, Icahn would get a board seat.

Helpless situation was bleak glory

U.S. media pointed out that the tragic fate of MGM script, back in the 70s of last century had begun to write. Since then, MGM changed hands several times, became a plaything in the hands of the capital giants; in particular, including Japan promised in 2005, a consortium including Sony's acquisition of the request, making the MGM carrying a heavy debt burden. Has not been introduced in recent years, coupled with successful films, MGM's debts totaled $ 4,000,000,000, the outlook is very bleak.

In addition, the current round of financial crisis, depressed consumer demand video and new audio-visual technology, the impact of veteran film and television industry, sales of big players. Data show that in 2009 MGM film and television products, DVD sales revenue fell 10% to 130 billion debt as soon as possible so that it disillusionment. The recent shot of investors cautious, also difficult to be MGM investment, market share plummeted.

Keywords: crazy fit massage,glue on nails,white linen perfume,

Learn more about SpinDistribute Article Distribution System. We also offer one of the Best Article Writing Services out there - give us a try if you need great articles on various topics!

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.