We remain confident of our growth outlook for the second half of 2001 and all of 2002.
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,
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.
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,
I am very hopeful the financial community is beginning to understand what MGM is all about,
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.