Former Universal Studios film maven Mary Parent is transforming MGM into a real studio, just a few years after Sony acquired it but made it look like it was putting it to death.

Parent, a former New Line Cinema executive and then Universal Film president and then a producer, has been doing it in baby steps.
Most recently, she just bought an action film, "Wardogs," with "Get Smart" director Peter Segal attached to direct.

MGM, which still relies heavily on another action figure (called James Bond) may be looking to tap into the ever-burgeoning foreign markets. It turns out Mary Parent is actually turning into a Parent with a little MGM waiting to grow.