MGMB News and Press, Mgm Holdings Inc Class A From 06/07/21

Paramount Plus ([[VIAC]] -0.2%, [[VIACA]]) is amping up its content game with more than 1,000 movies joining the streaming service this week, at the same time as the less expensive ad-supported version of the service makes its debut. ViacomCBS adjusted its output deal with MGM's (MGMB) Epix n...

Amazon just strengthened its position by taking a chess piece off the table while dealing a blow to its competitors leaving one less major media company to be acquired. $8.45 billion is a drop in the bucket for Amazon as they can write a check and replenish the cash on its balance she...

Amazon.com's (AMZN) planned $8.45B acquisition of the MGM studio (MGMB) has largely played as just the latest skirmish in the streaming wars, with Amazon Prime Video seen as a contender to land among a favored few top DTC companies after some expected shakeouts. But the move is a lot bigger g...

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. Blow to Big Oil The reputation of black gold got more tarnished yesterday as a trifecta of trouble hit the oil industry. While environmental groups and act...

Amazon’s deal to acquire MGM for $8.45 billion closed this week and set the stage for the future of streaming to become even more of interest to investors. At its core, the deal makes sense and could be mutually beneficial to both companies and their shareholders, a stark diffe...

The price of $8.45 billion is high, but Amazon can easily afford it. The MGM library of 4,000 feature films, with some exceptions, is relatively stodgy. But Amazon can probably use this acquisition more effectively and efficiently than almost any other company. So this deal is a l...

Amazon.com's (AMZN +0.3%) $8.45B deal to take over mini-major studio MGM Holdings (MGMB) has "significant strategic benefits" for the increasingly entertainment-focused tech-retail behemoth, Citi says. For a reasonable multiple, the deal ensures that Amazon has "access to high-quality content...

Amazon (AMZN) has reached a deal to acquire MGM  (MGMB) for $8.45B.The deal, which will bolster Amazon's Prime Video offerings, is the second largest in the tech giant's history after the $13.7B Whole Foods acquisition.“MGM has a vast catalog with more than 4,000 films&#...

The weekend's box office receipts offered ammunition for either of a tale of two takes. As predicted, no new wide releases domestically meant a very slow weekend for moviegoing in the U.S., where horror film Spiral ([[LGF.A]], [[LGF.B]]) repeated at the top spot, but with just $4.5M gross. Th...

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...