The Latest Breaking News from MGM

LAS VEGAS — As stagehands wheeled an enormous replica of what appeared to be Lil Nas X's head into position, the black-and-white faces of dozens of pop stars looked on from cardboard placards arranged, two to a bistro table, on the floor of the MGM Grand Garden Arena here.

Amazon is betting big on one of the key pieces of its MGM Studios deal with a new reality show for its Amazon Prime streaming platform.

Sony Group Corp (NYSE:SONY) Sony Interactive Entertainment LLC agreed to acquire Haven Entertainment Studios Inc. The financial terms of the transaction remain undisclosed. Haven was a development studio formed by developer Jade Raymond, founder of Ubisoft Toronto and Motive Studios and one of the creative forces behind the blockbuster Assassin’s Creed franchise. Also…

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said Monday that U.S. digital gross gaming revenue (GGR) was up 58% in the month of February.

Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy Metro-Goldwyn-Mayer (MGM) media company, combining the fabled moviemaker with the online retailing giant as it looks to draw consumers through more streaming video A press statement said the storied, nearly century-old studio—with more than 4,000 film…

Benchmark analyst Matthew Harrigan reiterated his Hold rating on Netflix Inc (NASDAQ:NFLX). Harrigan remains cautious on the stock citing elevated global streaming competition and possible overseas member growth fallout from geopolitical uncertainty, even excluding de minimis direct effect from exiting Russia.  Also Read: Evercore ISI Sees 44% Upside In Netflix, Reiterates Rating, Amazon Consummates MGM Deal Post Clean Chit From Regulators…

Nevada Gaming Commission shelved MGM Resorts International (NYSE:MGM) stakeholder Barry Diller’s licensing by a month until an April commission meeting, the Wall Street Journal reports. The move coincided with insider-trading investigations by federal authorities into his share purchases of Activision Blizzard Inc (NASDAQ:ATVI). In 2020, Diller and his internet holding company, IAC/InterActiveCorp (NASDAQ:IAC), admitted spending over $1 billion for…

Russia has reportedly made $117 million in bond payments, managing so far to avoid its first default on foreign debt since 1918. Billions more are due within weeks as sanctions continue to hammer the Russian economy in response to the war in Ukraine. Plus, Amazon closes in on its acquisition…

This merger comes shortly after Amazon raised the price of its Prime membership for the first time since 2018