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Stock Symbol: MGM
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Business Description
Metro-Goldwyn-Mayer Inc. (MGM) is a global entertainment content company. Through its subsidiaries, including Metro-Goldwyn-Mayer Studios Inc., MGM is actively engaged in the development and worldwide production and distribution of entertainment products, including theatrical motion pictures, television programming, home video, interactive media, music and licensed merchandise. The Company's principal subsidiaries are Metro-Goldwyn-Mayer Studios Inc., United Artists Corporation, United Artists Films Inc. and Orion Pictures Corporation. Its library contains approximately 4,000 theatrically released feature film titles and over 10,400 television episodes. In addition, through MGM Networks, the Company has ownership interests in television channels that are distributed to subscribers in over 100 countries and territories around the globe.
Financial Information
For the nine months ended 9/30/04, revenues fell 5% to $1.27 billion. Net loss decreased 70% to $67.7 million. Revenues reflect lower attendance at the Company's recent theatrical releases. Lower loss benefited from the absence of the write-down investment in cable channels.
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