Gary Barber, a South African–born executive who had risen from accounting at Price Waterhouse to become MGM’s chief executive officer in December 2010, was abruptly removed from the studio in March 2018 in a shock move that read like a corporate thriller. During his tenure MGM partnered on massive tentpoles — most notably financing the James Bond smash Skyfall (which grossed roughly $1.1 billion worldwide) and getting behind The Hobbit: An Unexpected Journey (2012), as well as contemporary comedies and genre remakes including 21 Jump Street (2012), Hansel & Gretel: Witch Hunters (2013) and planned remakes of RoboCop and Poltergeist. Five months earlier the studio had renewed Barber’s contract through 2022, making his sudden ouster all the more explosive for Hollywood insiders and investors.
Preparing the daily feature…
AI concept artworkArchive Record · 2010s
The Stunning 2018 Ouster of MGM CEO Gary Barber — A Boardroom Coup that Paid Out $260 Million
Gary Barber / Metro-Goldwyn-Mayer (MGM) / 2010s
Gary Barber, a South African–born executive who had risen from accounting at Price Waterhouse to become MGM’s chief executive officer in December 2010, was abruptly removed from the studio in March 2018 in a shock move that read like a corporate thriller. During his tenure MGM partnered on massive tentpoles — most notably financing the James Bond smash Skyfall (which grossed roughly $1.1 billion worldwide) and getting behind The Hobbit: An Unexpected Journey (2012), as well as contemporary comedies and genre remakes including 21 Jump Street (2012), Hansel & Gretel: Witch Hunters (2013) and planned remakes of RoboCop and Poltergeist. Five months earlier the studio had renewed Barber’s contract through 2022, making his sudden ouster all the more explosive for Hollywood insiders and investors.
The daily feature is taking an intermission. There’s still an entire archive to explore.
