MGM files for bankruptcy protection

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A photograph of the late actor Marlon Brando is framed by a portion of the Academy Awards bestowed upon films from movie studio Metro-Goldwyn-Mayer Inc., on display at the studio's Los Angeles office in this March 8, 2006 file photo. Metro-Goldwyn-Mayer Studios Inc filed for bankruptcy on November 3, 2010, marking a climax to a drawn-out restructuring for the storied Hollywood studio that controls the James Bond films and made "The Wizard of Oz". [Xinhua/Reuters Photo]

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