Bedi A. Singh Named President, Finance and Administration & Chief Financial Officer for MGM Studios

Bedi A. Singh Named President, Finance and Administration & Chief Financial Officer for MGM Studios

LOS ANGELES, May 13 /PRNewswire/ -- Metro-Goldwyn-Mayer Studios Inc. (MGM) today announced Bedi A. Singh, most recently the Executive Vice President and Chief Financial Officer of Gemstar-TV Guide International, Inc., has been named President, Finance and Administration & Chief Financial Officer of MGM, reporting directly to Harry E. Sloan, Chairman & Chief Executive Officer of MGM.

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In this newly created position, Singh takes on the overall responsibility for the company's financial activities. This includes oversight of the studio's relationship with the banking and finance community as well as overseeing MGM's strategic financial planning and human resources departments and information systems functions. Singh's appointment also signals further support for the studio's commitment to ramping up its feature film production and distribution operations and he will work with Mary Parent, recently appointed Chairman, Worldwide Motion Picture Group at MGM. Additionally, Singh will look to enhance MGM operations for future growth.

"Bedi brings an impressive wealth of worldwide entertainment industry and financial management experience to MGM's top financial post," said Sloan. "Among his financial accomplishments, Bedi contributed to the rebuilding of Gemstar-TV Guide and I was impressed by his long and successful career within the News Corp. family. Bedi's knowledge, experience and understanding of the world's financial centers and players will be a tremendous asset to the studio as we look to grow the studio's output of filmed entertainment for the global marketplace."

Commented Singh: "I'm honored to be joining MGM at this exciting time of growth and evolution for the studio and look forward to working with Harry and Mary as well as the senior management team in realizing the goal of returning MGM to its rightful position among the top studios of Hollywood."

A talented senior financial executive with impressive technical credentials, Singh has held high level finance positions at both News Corporation and Sony Pictures Entertainment. Singh comes to the post from Gemstar-TV Guide International Inc. where he served as Executive Vice President and Chief Financial Officer since April 2006. This follows the recent successful completion of the acquisition of the Los Angeles based Gemstar-TV Guide by Macrovision Solutions Corporation.

Prior to joining Gemstar, Singh served as Chief Finance and Administration Officer for pharmaceutical company Novartis Pharma A.G., based in Basel, Switzerland. From 1999 to 2003, Singh was Executive Vice President and Chief Financial Officer of Sony Pictures Entertainment in Los Angeles, a division of Sony Corporation. Before joining Sony Pictures Entertainment, Singh spent nine years at Rupert Murdoch's News Corp., serving in senior financial roles, including Financial Controller at News International plc, based in London; Senior Vice President Office of the Chairman; and Deputy Chief Financial Officer and Senior Vice President Strategic Planning at Fox Filmed Entertainment, based in Los Angeles.

Singh began his finance career with Arthur Andersen & Co. in London in 1980. He spent 11 years with the global accounting and consulting firm, working in London as senior audit manager, and also in Andersen's Lagos, Nigeria, office on major consulting and accounting assignments. A graduate of the Program for Management Development at the Harvard Business School in 1994, Mr. Singh earned a Bachelor of Science (Honors) in Economics from the London School of Economics and Political Science in 1980. Mr. Singh is also a Fellow of the Institute of Chartered Accountants in England and Wales.

About Metro-Goldwyn-Mayer Inc.

Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co, MGM International Television Distribution In, Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit http://www.mgm.com/.

CONTACT: Jeff Pryor
Executive Vice President/Corporate Communications
Metro-Goldwyn-Mayer Inc.
e.jpryor@mgm.com; o. 310-449-3446

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Photo: NewsCom:

http://www.newscom.com/cgi-bin/prnh/20080513/LATU068
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PRN Photo Desk, photodesk@prnewswire.com
Source: Metro-Goldwyn-Mayer Studios Inc.

CONTACT: Jeff Pryor, Executive Vice President|Corporate Communications
of Metro-Goldwyn-Mayer Inc., +1-310-449-3446, e.jpryor@mgm.com

Web site:

http://www.mgm.com/

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