Which American film studio filed for Chapter 11 bankruptcy in 2010 after years of financial losses?

Metro-Goldwyn-Mayer filed for Chapter 11 bankruptcy protection in November 2010 after years of financial losses and heavy debt.

MGM was one of Hollywood’s most famous studios, associated with the lion logo and films such as The Wizard of Oz and the James Bond series. Its library and brand remained valuable, but the studio accumulated substantial debt after ownership changes and struggled to finance new productions. In 2010, MGM entered bankruptcy with a prearranged restructuring plan.

The company emerged in December 2010 under new ownership and management. MGM’s bankruptcy is often confused with the separate financial troubles of United Artists, a studio MGM had acquired, or with the later bankruptcy of The Weinstein Company.