Metro-Goldwyn-Mayer has tapped a combination of new and old media executives, as well as former creditors, for its overhauled board of directors, according to a Business Week report.
Jason O. Hirschhorn, co-president of MySpace, and former CBS chief financial officer Frederic G. Reynolds are perhaps the biggest names to join the nine person board.
The studio disclosed in bankruptcy filings that Patrick H. Daugherty of Highland Capital Management, Christopher Pucillo of Solus Alternative Asset Management and Kevin Ulrich of Anchorage Capital Group will also be part of the studio's leadership when it emerges from Chapter 11.
MGM has been laboring under some $5 billion in debt for much of the past year.
In addition, Carl Icahn will be able to appoint one member of the board — a concession the billionaire investor and MGM creditor received for throwing his weight behind a plan to have Spyglass chiefs Gary Barber and Roger Birnbaum take over the studio's reins.
Barber and Birnbaum will also have seats on the board.
A spokesperson for MGM declined to comment.
A federal bankruptcy court will weigh in on MGM's bankruptcy plan on Dec. 2.
