Spyglass Entertainment
Overview
 
Spyglass Entertainment is an American film
Film
A film, also called a movie or motion picture, is a series of still or moving images. It is produced by recording photographic images with cameras, or by creating images using animation techniques or visual effects...

 production company
Production company
A production company provides the physical basis for works in the realms of the performing arts, new media art, film, television, radio, and video.- Tasks and functions :...

, co-founded by Gary Barber
Gary Barber
Gary Barber is a film producer who is a co-founder and co-CEO of Spyglass Entertainment and co-CEO of Metro-Goldwyn-Mayer.-Filmography:His production credits include:*Reign of Fire*Shanghai Noon*Bruce Almighty*Ace Ventura: When Nature Calls*The Recruit...

 and Roger Birnbaum
Roger Birnbaum
Roger Birnbaum is an American film producer who owns the company Spyglass Entertainment and is co-CEO and co-Chairman of Metro-Goldwyn-Mayer.Birnbaum was born in Teaneck, New Jersey, where he graduated from Teaneck High School...

 in 1998. The studio was founded with an investment from European media conglomerates Kirch Group
Kirch Group
KirchGruppe was a German media group founded by Leo Kirch. The group collapsed in 2002 largely due to the debts associated with the purchase of sports rights for its television channels and the launch of pay-TV services....

 and Mediaset
Mediaset
Mediaset S.p.A., known as Gruppo Mediaset in Italian, is an Italian-based media company which is the largest commercial broadcaster in the country...

, and a five-year distribution deal with The Walt Disney Company
The Walt Disney Company
The Walt Disney Company is the largest media conglomerate in the world in terms of revenue. Founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio, Walt Disney Productions established itself as a leader in the American animation industry before diversifying into...

. It is currently owned by Cerberus Capital Management
Cerberus Capital Management
Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by -year-old financier Steve Feinberg. Former U.S...

.

Barber and Birnbaum serve as co-CEOs, while Jonathan Glickman
Jonathan Glickman
Jonathan Glickman is an American film producer and the President of Metro-Goldwyn-Mayer Picutres Film Division.-Personal life and education:...

 serves as the current President of Production. Jeffrey Chernov
Jeffrey Chernov
Jeffrey Chernov is an American film producer, unit production manager and executive. He was the Vice President of Physical Production for Walt Disney Pictures and Television/Touchstone Pictures/Hollywood Pictures from 1987 through 1989 and the Senior Vice President of Physical Production at...

 was once a production executive at Spyglass Entertainment.

Spyglass Entertainment is expected to finalize a deal to take over 5% of Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Inc. is an American media company, involved primarily in the production and distribution of films and television programs. MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures Corporation and Louis B. Mayer...

.

The MGM creditors have approved the Spyglass Entertainment plan.
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