Pursuant to the announced policy, MGM
China intends to pursue a dividend policy pursuant to which it will make semi-annual distributions in an aggregate amount per year not to exceed 35% of its anticipated consolidated annual profits, taking into consideration the criteria described below and its directors' fiduciary duties.
Networks continues to expand globally and the launch of the MGM
Channel in Ireland underscores our ongoing commitment to the international channel business," said Mr.
received a nonrefundable security deposit of $150 million on Monday and is expected to recommend the proposed merger to its board by Sept.
Stargate SG-1' is to MGM
Television what the 'James Bond,' 'Pink Panther' and the 'Rocky' franchises are to our feature film unit," said Cohen.
CANNES, France, April 5 /PRNewswire/ -- MGM
Networks, a division of Metro-Goldwyn-Mayer Studios Inc.
Releasing no new films in the quarter was of financial benefit for MGM
since marketing costs connected to a film must be factored in, which can result in a fluctuation of quarterly results.
Fitch estimates that MGM
could continue to improve leverage slightly until spending for its CityCenter development in Las Vegas begins to significantly ramp up in 2008-2009.
For more than 80 years, MGM
has symbolized Hollywood glamour, transforming women into legendary icons, including Greta Garbo, Jean Harlow and Judy Garland, to name a few.
nor Time Warner would comment on reports of the preliminary merger talks that first surfaced in the industry trade paper Daily Variety.
Kirk Kerkorian is the sole shareholder, owns 158,392,864 shares of MGM
MIRAGE common stock, which represents approximately 56.
For further information, please contact David Bloom, VP, corporate communications of MGM
, +1-310-449-3660, dbloom@mgm
Chief Executive Alex Yemenidjian said during a conference call with analysts Tuesday that the company would not ``overpay'' for the Vivendi assets.