MGM Makes Its Own Unexpected Journey

The Hobbit could put the studio on the fast track to an IPO

Bilbo Baggins, the hobbit enlisted to free a dwarf kingdom seized by a dragon, has two other tasks on his to-do list: Help restore Metro-Goldwyn-Mayer’s luster, and strengthen Time Warner’s franchise lineup now that Harry Potter and Christopher Nolan’s Batman have taken their final bows.

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