MGM applauded for investment in production company


Yes!Metro-Goldwyn-Mayer carried a Moody’s Investor Service Corporate Family Rating of Ba2 going into its acquisition of production assets, and will carry the same rating after it closes. A big plus for MGM: Diversification.

The company primarily known as a movie studio will increase its television presence with its acquisition of a 55% stake in Roma Downey, Mark Burnett and Hearst Entertainment’s One Three Media and LightWorkers Media.

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