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The Latest Breaking News from MGM

MOVIE MEMORIES: Putting the spotlight on the wonderful work of Hollywood icon Doris Day

William Hackett Queen looks back on some of the 'Calamity Jane' star's finest flicks

Daily Record

This Foreboding Sign Looms Over MGM Resorts Intl's Chart

If history is any guide, there may be trouble ahead for shares of MGM Resorts Intl (NYSE:MGM). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga

Sony To Snap Haven Entertainment Studios For Undisclosed Sum

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…

Benzinga

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DraftKings, FanDuel Distancing Themselves From The Competition In Online Sports Betting

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.

Benzinga

Amazon Closes $8.45Bln MGM Studio Acquisition

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…

Asharq Al-Awsat

Benchmark Remains Cautious On Netflix - Read Why

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…

Benzinga

Regulator Defers MGM Stakeholder's Nevada Gaming License By 1 Month

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…

Benzinga

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Russia averts default on foreign dollar-denominated bond payments

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…

France 24

Amazon acquires MGM for $8.5 billion

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

Salon

It's official: MGM belongs to Amazon now

After months of parsing through the fine details, Amazon officially owns the legacy media empire.

Input

Amazon closes $8.5-billion purchase of MGM, giving it broader sway in Hollywood

Amazon has closed its $8.5-billion acquisition of movie and TV studio MGM, the companies said Thursday.

Los Angeles Times

Amazon Consummates MGM Deal Post Clean Chit From Regulators

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

Benzinga

Amazon lands rights to catalogue of 4,000 films and 17,000 TV episodes as MGM deal finalised

Including James Bond, ‘Rocky’ and ‘The Pink Panther’...

The Independent UK

Amazon closes $8.5B deal to acquire Hollywood studio MGM

Amazon has closed its $8.5 billion acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets

The Independent UK

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The Independent UK

EU regulators clear Amazon's $8.45 billion purchase of MGM

European regulators have cleared Amazon’s purchase of Hollywood studio MGM, saying the deal doesn’t raise any competition concerns

Benzinga

Stock Wars: MGM Resorts International Vs. Wynn Resorts

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Chicago Sun-Times

Alan Ladd Jr., Oscar-winning producer of ‘Braveheart,’ dies at 84

Ladd Jr., the son of “Shane” star Alan Ladd, started in the film business as his father’s stuntman but rose to become one of its leading — and most widely liked — executives. He greenlit “Star Wars’ and many other blockbusters.

The Independent UK

Oscar-winning producer Alan Ladd Jr. dies at 84

Alan Ladd Jr., the Oscar-winning producer and studio boss who as a Fox executive greenlit “Star Wars,” has died

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Benzinga

Super Bowl LVI: Betting On MGM - Our Bet For Super Bowl 56.

Jean-Daniel Francoeur/Pexels Sports Betting Popularity Soars In America According to ZeroHedge, sports betting has never been more widespread in America, with it now being legal in most states.

Benzinga

MGM Resorts: Why These Analysts Remained On The Sidelines Despite Strong Q4

MGM Resorts International (NYSE: MGM) reported its fourth-quarter revenues and margins ahead of Street expectations, with the beat being driven by its Las Vegas performance. Morgan Stanley On MGM Resorts

Benzinga

Recap: MGM Resorts Intl Q4 Earnings

MGM Resorts Intl (NYSE:MGM) reported its Q4 earnings results on Wednesday, February 9, 2022 at 04:15 PM. Here's what investors need to know about the announcement.

Benzinga

MGM Resorts Intl's Earnings: A Preview

MGM Resorts Intl (NYSE:MGM) is set to give its latest quarterly earnings report on Wednesday, 2022-02-09. Here's what investors need to know before the announcement. Analysts estimate that MGM Resorts Intl will likely report an Earnings Per Share (EPS) of $0.02.

Chicago Sun-Times

Chicago’s Douglas Kim is MGM sommelier overseeing 350,000 bottles of wine at Las Vegas resorts

MGM Resorts International recently announced the promotion of Kim, a master sommelier, to the role of director of wine for its Las Vegas resorts.

The Independent UK

Ron Howard’s Thailand cave rescue movie receives ‘biggest test scores in MGM history’

‘Thirteen Lives’ tells the story of the 2018 cave rescue mission in Thailand

Benzinga

MGM Gaining Ground On DraftKings, FanDuel In Online Sports Betting; Sector Reports Weak December Numbers

Online gaming stocks have taken a big hit in recent months, and Bank of America analyst Shaun Kelley said Monday that the U.S. online sports betting market had a surprisingly weak month in December.

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