New York, September 24, 2014 -- Moody's Investors service said that Metro-Goldwyn Mayer Inc.'s ("MGM") acquisition of a 55% interest in Roma Downey, Mark Burnett and Hearst Entertainment's One Three Media and LightWorkers Media will not impact its Ba2 Corporate Family rating (CFR), Ba2-PD Probability of Default rating, Ba3 Senior Secured Long Term rating or the stable outlook. MGM also announced that as part of the transaction it will also acquire interest in shows such as Survivor, The Voice, Shark Tank, The Bible and The Apprentice, all of which have been produced by One Three Media. The companies will be consolidated into a new media and entertainment venture called United Artists Media Group (UAMG), of which 55% will be owned by MGM and the balance being owned by Roma Downey, Mark Burnett and Hearst Entertainment. UMAG will develop and produce content across all platforms, including television programming, motion pictures and digital offerings. The new company will be headed by Mark Burnett and Roma Downey will serve as president of LightWorkers Media, which will be the faith and family unit of UAMG.
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