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.
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