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Hollywood Monday: MGM, James Franco, Brett Ratner and more

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L.A. Times entertainment reporter Rebecca Keegan joins us for her regular Monday update of the latest from Hollywood.

The 88-year-old Metro Goldwyn Mayer studio, behind "Skyfall" and "the Hobbit," is considering whether to take the company public today. 

Then, James Franco must be feeling pretty good this Monday morning. His movie, "Oz: The Great and Powerful" held the top spot at the box office for a second week. He also starred in the R-rated comedy "Spring Breakers," which had a limited release this past weekend. Franco plays a drug dealer who bails out a group of college girls after they steal money to fund their spring break.

Also, a redemption story of sorts. In 2011, Brett Ratner stepped down from his gig producing the Oscars after he used a homophobic slur in an interview. This weekend he went on stage to receive an award from the Gay and Lesbian Alliance Against Defamation.