
Metro-Goldwyn-Mayer filed for bankruptcy protection on Wednesday as part of a reorganization plan that would help it shed more than $4 billion in debt and hand control over to a group of hedge fund creditors.

Metro-Goldwyn-Mayer filed for bankruptcy protection on Wednesday as part of a reorganization plan that would help it shed more than $4 billion in debt and hand control over to a group of hedge fund creditors.

The 22nd annual Palm Springs International Film Festival (PSIFF) will present Academy Award winner Javier Bardem with the International Star Award at its Awards Gala. Presented by Cartier, the Awards Gala will kick off the 2011 awards season on Saturday, January 8.

IFC Films has acquired rights to “Shoah.” Directed by Claude Lanzmann, the nine-and-a-half hour documentary received almost universal critical acclaim for its look at Holocaust survivors when it premiered in 1985.

The documentary Reel Injun, by Canadian filmmaker Neil Diamond, won the Canada Award for best documentary at the first of two 2010 Gemini Awards Industry Galas.

“Box Elder,” a movie about “dudes being dudes” and highlighting Columbia college is headed to video-on-demand, which is an excellent thing for an independent film. Starting Monday, the film will be available for at least 90 days on cable and satellite Video On Demand throughout the U.S. and Canada. The number of people who view the film during its 90-day trial will determine how long it will remain available on cable and satellite Video On Demand.

“Intimate Grammar” was the big winner at the 2010 Tokyo International Film Festival. Tokyo Sakura Grand Prix was given to Intimate Grammar directed by Nir Bergman. Sarah’s Key directed by Gilles Paquet-Brenner received double Awards; Award for Best Director and Audience Award, and POST CARD directed by Kaneto Shindo was awarded the Special Jury Prize! The complete list of winners include:

Select programming from the PBS Emmy® Award-winning weekly documentary series “Independent Lens” are nowl be available for purchase on iTunes. “The Parking Lot Movie,” directed by Meghan Eckman, will be the first film available from the 2010 Fall season of Independent Lens for purchase.

This probably won’t help the majority of true independent films, but The Weinstein Company announced on Monday that they are partnering with Icon UK Group to launch a new film finance and production fund to buy or produce films with budgets between $5 million and $20 million.

The nominations and jury members for the thirteenth annual Moët British Independent Film Awards were announced today, Monday 1st November at St Martins Lane, London by Jared Harris.

The opening ceremony of the Rome Film Festival was marred by a protest over the Italian government’s drastic cuts to funds for cultural events, with some 800 people storming the red carpet. Keira Knightley and Eva Mendes, whose film “Last Night,” opened the festival, were whisked into the theater alongside the rest of the film’s cast, surrounded by bodyguards.

The 13th annual Savannah Film Festival, hosted by SCAD, presented Miles Teller with the “Discovery Award” on October 31.