From the start of our project we decided that MGM would be a suitable institution, as it was responsible for the production of films like James Bond. The company was still running at the time and in the process of launching a new film. It was only later near to the end of the project we discovered that MGM was going into bankruptcy. As part of the plans, the privately-owned production company Spyglass Entertainment will merge two of its subsidiary businesses into a subsidiary of MGM to create the new MGM company.
Spyglass will then own the remaining 5% of the new business, with its senior management taking charge.
We can still use MGM as institution however it is no longer the same company, that we started off with.
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