MGM Names Finance Chief

LOS ANGELES, May 13: Bedi
A. Singh, previously with Gemstar-TV Guide International, has been named as the
president of finance and administration and CFO at MGM Studios.

Singh, who was executive
VP and CFO at Gemstar, reports directly to Harry E. Sloan, MGM’s chairman and
CEO, in his new role. In the newly created position, he assumes overall
responsibility for the company's financial activities. This includes oversight
of the studio’s relationship with the banking and finance community as well as
overseeing MGM’s strategic financial planning and human resources departments
and information systems functions.

Prior to joining Gemstar,
Singh served as chief finance and administration officer for pharmaceutical
company Novartis Pharma. From 1999 to 2003, he was executive VP and CFO of Sony
Pictures Entertainment, following nine years at News Corp., serving in senior
financial roles.

“Bedi brings an impressive
wealth of worldwide entertainment industry and financial management experience
to MGM’s top financial post,” said Sloan. “Among his financial accomplishments,
Bedi contributed to the rebuilding of Gemstar-TV Guide and I was impressed by
his long and successful career within the News Corp. family. Bedi's knowledge, experience
and understanding of the world's financial centers and players will be a
tremendous asset to the studio as we look to grow the studio's output of filmed
entertainment for the global marketplace.”

—By Mansha Daswani