Can new exec turn the troubled MGM into a Hollywood power player?


Who says no one takes risks in Hollywood anymore?

Until late last week, Mary Parent had one of the great jobs in the movie business. After helping preside over a string of hits as a top executive at Universal Pictures, Parent left the studio two years ago to produce films with Scott Stuber, a longtime friend and fellow Universal executive. Their deal with Universal, which gave them 5% of their projects' first-dollar gross, was one of the richest producer deals in Hollywood.

In a move that sent ripples of surprise all over town, Parent turned in her producer stripes for another studio gig. The good news is that it's a big job, making her head of a motion picture group. But what has industry insiders scratching their heads is that she's headed to MGM, a studio that has been widely rumored to be on the verge of collapse after pursuing the failed strategy of relying on independent producers to supply it with hit movies.

(Source: LA Times)

Film Business, Hollywood, Producers

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