x

Welcome to MI6 Headquarters

This is the world's most visited unofficial James Bond 007 website with daily updates, news & analysis of all things 007 and an extensive encyclopaedia. Tap into Ian Fleming's spy from Sean Connery to Daniel Craig with our expert online coverage and a rich, colour print magazine dedicated to spies.

Learn More About MI6 & James Bond →

MGM buys back its own shares ahead of 'SPECTRE' windfall

11-Aug-2015 • Bond News

MGM sees the market’s skittishness about media as an opportunity to buy its own privately traded shares, which it considers undervalued. The studio told lenders and others today in a conference call that since the end of Q2 it has repurchased about 700,000 of its shares - reports Deadline.

The studio had a relatively quiet quarter ahead of a potential windfall when it releases the latest James Bond film, Spectre, due in the U.S. in November.

In Q2 the company generated $37.0 million in net income, down 9.1% vs the period last year, on revenues of $272.3 million, down 13.1%. Overseas sales might be hurt by the strong dollar.

TV licensing revenues were up 15% in the quarter to $159.6 million with Skyfall making its first appearance on U.S. broadcast TV.

Discuss this news here...

Open in a new window/tab