MGM Gives CEO Barber Extension Through 2022

By ( Broadcasting & Cable )
Published

MGM Holding said it extended chairman and CEO Gary Barber’s contract through December 2020.

Barber joined MGM in 2010 as co-chairman and co-CEO with Robert Birnbaum in 2010. The company was emerging from bankruptcy proceedings at the time. In 2013, Barber became sole chairman and CEO.

“Gary is a dynamic leader and during the past seven years, MGM has regained its prominence as a leading entertainment company,” said Kevin Ulrich, CEO of Anchorage Capital Group and chair of the MGM board of directors. “He has developed a focused, strategic vision, which combined with a strong financial discipline, has positioned MGM for future growth and innovation. We have every confidence he will continue to lead this company in an exemplary fashion.”

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This year, MGM acquired Epix for $1.2 billion.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.