March 20, 2018
Gary Barber, chairman and CEO of Metro-Goldwyn-Mayer Holdings, has been let go after eight years in the position. No reason was given for the move.
Media reports suggest disagreement between Barber and the board on the future of the venerable studio, whose franchises include James Bond movies, “The Voice,” “Survivor” and “The Handmaid’s Tale,” among others. MGM also owns multiplatform distribution channel Epix.
The studio, which includes MGM Home Entertainment, has formed an “Office of CEO” to oversee day-to-day operations while a new CEO is found.
MGM said it would provide a business update March 28 when it reports fourth-quarter fiscal results.