Kerkorian Preparing a Return to Movies

Billionaire Kirk Kerkorian is plotting a Hollywood comeback.

The 94-year-old investor got in and out of the movie business three times over the course of four decades, profiting handsomely as he repeatedly bought and sold Metro-Goldwyn-Mayer Inc. studio.

On the sidelines since 2005, Mr. Kerkorian is now on the hunt to buy a film studio, production company or other entertainment business, said Jay Rakow, an executive at Mr. Kerkorian’s investment vehicle, Tracinda Corp., during an interview.

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