MGM Projects $449 Million Cash Flow, Ability to Finance New Bond Movies

Metro-Goldwyn-Mayer Inc., the movie company that filed for bankruptcy yesterday, said it expects to have $449 million in free cash flow in 2015 and to be able to finance new James Bond movies without help from a partner.

Free cash flow, estimated at negative $168 million this year, will turn positive in 2013 at $160 million, the Los Angeles-based studio said in a filing yesterday in U.S. Bankruptcy Court in Manhattan.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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