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Metro- Goldwyn-Mayer Inc. creditors backed a plan to reorganize the debt-strapped Hollywood studio through bankruptcy and hand over management to the producers of “The Sixth Sense,” a person with knowledge of the action said.
More than two-thirds of debt holders approved the plan to take Los Angeles- based MGM through a streamlined Chapter 11 bankruptcy, erase its debt and make Spyglass Entertainment’s Gary Barber and Roger Birnbaum the top officers, said the person, who asked not to be named. Denver Post staff and wire reports
