MGMB News and Press, Mgm Holdings Inc Class A From 05/24/21

Amazon.com ([[AMZN]] +1.5%) is close to a deal to buy studio MGM Holdings (MGMB) for nearly $9B, adding one of Hollywood's venerable film operations into a mini-major studio asset for Amazon's movie ambitions, The Wall Street Journal reports. That deal could come as soon as this week, ac...

The bounceback of movie theaters - after a year where their revenues were decimated in the COVID-19 pandemic - became a key investment story last month amid some widespread loosening of industry restrictions. And while it's not yet Memorial Day (the one-time start of the summer movie season),...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Big Tesla shortTesla (TSLA) shares were the weakest among the Big Six megacaps in Monday's trading, declining more than 2% and falling back below their 200...

Amazon.com (AMZN) is in discussions to acquire MGM Holdings (MGMB), in what would be its biggest entertainment move yet, The Information reports. MGM serves as a mini-major film studio today, best known for its James Bond film franchise. But it has a major film library that also includes Rock...

Mortal Kombat made a splash on an unusually busy weekend at the movie box office, the best overall weekend since the COVID-19 pandemic began more than a year ago. The film also marked another relative win for Warner Bros. (T), which is cleaning up in early reopened-theater action even with it...

Oscar nominations don't have the most direct effect on movie stocks, but the key theme that can be drawn from the 2021 nominees this morning is the major move from streaming services in cinema's lost year. Netflix (NFLX -1%) drew the most nominations of any distributor, with a record 35. That...

An analysis of downloads of top streaming-video names showed "robust" activity for stocks in its media/entertainment universe, BofA says. That's coming despite ongoing production headwinds for films and television shows over the past several months. Strength in particular was ongoing for news...

Major films that were postponed last year into 2021 were thought to buy some time for studios and theaters to get beyond the COVID-19 outbreak - but still more high-profile delays arriving today are a reminder that the road back is even longer than expected. Walt Disney (DIS +0.7%) is moving ...

The pandemic-era decision by Warner Bros. (T) to send all 17 of its 2021 movies to streaming on the same day as theatrical release is sending a shock throughout the movie industry - with theater stocks sliding on the news (but Warner parent AT&T surprisingly sanguine). Warner has painted ...

Just a couple of days after another major movie release delay, Cineworld (CNWGY) is set to close all its 543 Regal Cinema venues and its 128 theaters in the U.K. and Ireland.On Friday, MGM (OTC:MGMB) and Universal (NASDAQ:CMCSA) pushed the release of the latest James Bond title No Time to Die...