LOS ANGELES (AP) — Struggling movie studio Metro-Goldwyn-Mayer Inc. says it has gotten another agreement from its creditors to delay taking action for its failure to make payments on its debt as it seeks a financial savior.
This time, the agreement to put off pushing the company into bankruptcy will last until Sept. 15, nearly a year since creditors first agreed to the waivers.
MGM, which owns half the rights to the upcoming "The Hobbit" movies, and helps make James Bond movies, owes about $4 billion to its creditors.
The agreement comes a day after rival Lions Gate Entertainment Corp. reportedly made a new proposal to the studio.
Lions Gate's renewed interest in MGM comes after it agreed on Friday with its main shareholder, Carl Icahn, to temporarily halt their fighting for 10 days and work together on acquisitions.
Copyright 2010 The Associated Press.
After a fall-like and mild weekend, temperatures are expected to heat up around San Diego throughout the week.
An early morning vegetation and trash fire at a homeless encampment threatened nearby condos and resulted in at least one injury Sunday.
Detoured traffic is unusually light during the closure of all Mexico-bound car traffic at the busiest U.S. border crossing in San Diego.
The city's search for the next top cop is underway as police chief Shelly Zimmerman prepares to step down in March.
More than 200 surfers paddled out for a daunting day-long challenge Saturday inspired by young men in the community facing a far bigger one.
A semi-truck ran over a fire hydrant Saturday afternoon in Grant Hill causing a huge geyser to spray into the air. Luckily, firefighters were just minutes away at a community event and were able to put a stop to the water quickly.
Employees of an Otay Mesa towing company arrived at work Saturday morning to find the body of a coworker under a vehicle
The Golden State Warriors say they will not go to the White House when they visit Washington early next year, announcing the decision hours after President Donald Trump tweeted he was withdrawing the invitation.
A clinic providing shots to in a bid to contain a deadly hepatitis A outbreak continued Friday inside the community concourse outside San Diego City Hall.