Mumbai: Heralding an expansion at Metro-Goldwyn-Mayer Studios (MGM), former Vice Chairman of Worldwide Production for Universal Pictures Mary Parent has been named Chairperson, Worldwide Motion Picture Group at the studio.
In this newly created position, Parent will be responsible for oversight of worldwide theatrical production, distribution, marketing and business affairs for MGM. Parent reports directly to MGM chairman and CEO Harry E. Sloan and to the MGM Board of Directors.
This move signals a big step forward in re-establishing MGM as a major Hollywood studio with a commitment to develop, produce and release a full slate of motion pictures annually.
Sloan stated, "MGM is in the midst of an evolutionary process, moving from our initial revitalization effort into the next phase of growth and development. As we commence production on some of the biggest film franchises in Hollywood, we are fortunate to be able to enlist Mary to spearhead what promises to be MGM’s most exciting period yet."
Parent said, "I look at what Harry has strategically built and assembled — from ramping up the distribution efforts of MGM as well as breathing new life into United Artists with Tom Cruise and Paula Wagner at the helm — and I believe this studio is poised for a true re-vitalization. This comes at a great time for the business and I’m honored to have been chosen to play this role."