Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer Inc., said people familiar with the matter, as the beleaguered film studio scrambles to restructure a roughly $4 billion debt load this summer.
Spyglass co-heads Gary Barber and Roger Birnbaum would run the studio as co-chief executives under a plan being discussed with MGM's creditors, these people said.
The talks are continuing, and no final decisions have been made, the people said.
