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Bingham Ray Steps Down as Head of United Artists

LOS ANGELES, Jan. 8 /PRNewswire-FirstCall/ - Effective immediately, Bingham Ray is leaving his position as president of United Artists, the specialty film subsidiary of MGM Studios, announced Chris McGurk, MGM's vice chairman and chief operating officer.

"We discussed this last year and mutually decided that Bingham would step down, and that it was best to hold off on an announcement until now to allow for better continuity at United Artists," said McGurk. "We appreciate Bingham's hard work nurturing award-winning films at UA over the past two-and- a-half years and wish him the best."

"My time at United Artists and MGM has been a wonderful opportunity to work with great filmmakers and films, and to get UA headed in an important new direction," Ray said. "I decided with Chris that now is the time to move on. I'm leaving UA in the capable hands of Danny Rosett, Sara Rose and Mary Ann Hult, and appreciate all of the support that MGM has given me. I thank everyone there for the opportunity."

Executive Vice President Danny Rosett will assume the leadership of UA, working closely with Senior Vice President of Production and Acquisitions Sara Rose. Rosett, who will report to McGurk, has been a key member of the management team since 1994, and has been one of the principal architects of the UA strategy for the past five years.

"UA is in good hands and we are comfortable with its direction," said McGurk. "We have a great lineup for 2004, an eclectic mix of projects that will appeal to many kinds of audiences."

UA films scheduled to premiere this year include Siddiq Barmaq's "Osama," a Golden Globe nominee; Michael Winterbottom's "Code 46;" "Saved," featuring Mandy Moore and McAulay Culkin; "The Woods," featuring "Pieces of April" Golden Globe nominee Patricia Clarkson; Don Cheadle's "Hotel Rwanda;" and Terry Zwigoff's "Art School Confidential."

About United Artists

United Artists is the specialty film unit of Metro-Goldwyn-Mayer Studios Inc. Which is actively engaged in the worldwide production and distribution of entertainment product, including motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The Company owns the largest modern film library in the world, consisting of about 4,000 titles. Its operating units also include MGM Pictures, MGM Television Entertainment, MGM Networks, MGM Distribution Co., MGM Worldwide Television Distribution, MGM Home Entertainment, MGM On Stage, MGM Consumer Products, MGM Music, MGM Interactive and MGM Online. In addition, MGM has ownership interests in international television channels reaching more than 100 countries. For more information, visit mgm.com.


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