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MGM Reports Strong 2016 Results Despite ‘Ben-Hur’ Losses

Posted by Dave McNary | March 8, 2017 | Ben-Hur, Film, MGM, News, TV

MGM Holdings Inc., the parent company of Metro-Goldwyn-Mayer Inc., has reported 2016 results that were 3% above the guidance it issued in September for adjusted EBITDA. The studio said Wednesday that its results include $61 million of film impairment charges, mainly for “Ben-Hur.” The remake of the 1959 hit carried a $100 million budget and… Read more »

Source: Variety Feed


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