MGM president to resign as part of restructuring

Metro-Goldwyn-Mayer Inc., owned by a consortium of investors including Sony Corp of America, said on Thursday that President Daniel Taylor will resign at the end of the month - reports Reuters.

The film studio that is home to James Bond and the Pink Panther said in a statement that Taylor's resignation is part of MGM's restructuring.

MGM is currently owned by Providence Equity Partners, Texas Pacific Group, Sony, Comcast, DLJ Merchant Banking Partners and Quadrangle Group.

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