Pink Panther

MGM Proposes Bankruptcy Package

Movie studio Metro-Goldwyn-Mayer, home of movie franchises such as James Bond and The Pink Panther, proposed a bankruptcy plan that would reduce its debt by $4 billion and put the founders of Spyglass Entertainment in charge of the legendary studio. MGM said it is seeking lenders%u2019 votes for the plan, which would involve secured lenders exchanging more than $4 billion in debt for 95.3% of equity in the company once it emerges from Chapter 11, Reuters reported.

Peter Sellers Tried to Change Will Just Before Dying, Letter Says

Comedian Peter Sellers tried to change his will just before he died, according to a newly-revealed letter. Sellers, best known for his roles as Chief Inspector Clouseau in the Pink Panther movies and the crazed Dr Strangelove in the film of the same name, wrote a letter dated July 22 1980 saying he wanted to prevent his entire fortune passing to his estranged fourth wife, Lynne Frederick, the BBC reported.