Our release schedule for the balance of this year holds great promise, and our home video and television distribution operations continue to generate stronger than expected revenue and cash flow.

This restructuring will make MGM a much stronger and effective competitor, resulting in cost savings and revenue enhancements that will far exceed the related charges.

We think [the library] is an irreplaceable asset where we can unlock a tremendous amount of value.

We have more strategic alternatives available to us than we realized, and we need more time to properly explore all our alternatives.

That creates a tremendous opportunity for us to start again at the beginning of the growth cycle.

To report $44 million of EBITDA and $27 million of net income, with only one minor theatrical release during the quarter, says a lot about the new MGM.

I am very hopeful the financial community is beginning to understand what MGM is all about.

Eleven films will be in the can, ... I don't think we'll have a blip on the radar screen.