MGMB News and Press, Mgm Holdings Inc Class A From 10/01/21

It's the busiest box office in several weeks starting today, with three films headed into wide release - and Sony, WarnerMedia and United Artists Releasing looking to knock Disney out of the top spot. Marvel film Shang-Chi and the Legend of the Ten Rings (NYSE:DIS) became the year's top-gross...

Marvel's Shang-Chi and the Legend of the Ten Rings (NYSE:DIS) has prevailed over would-be box-office rivals for three weeks; now its latest challenge comes from a Broadway musical. Universal's (NASDAQ:CMCSA) Dear Evan Hansen is the weekend's only wide release. A (critically savaged) adaption ...

Cinema stocks are rolling today after the latest Marvel superhero film shook up a traditionally slow weekend at theaters. Shang-Chi and the Legend of the Ten Rings (DIS -0.1%) broke Labor Day records, drawing $75.5 million over three days and $90 million domestically for the four-day holiday ...

Shortly after Amazon Inc. (NASDAQ: AMZN) revealed it is purchasing the studio MGM Holdings Inc (OTC: MGMB) for $8.45 billion including debt, Reese Witherspoon’s media business, Hello Sunshine, has been sold to a firm backed by private-equity giant Blackstone Group Inc. with...

Free Guy racked up some not-so-free movie ticket sales over the weekend for theaters and for Walt Disney (DIS -1.1%). The film easily led the box office and outperformed expectations with $28.4 million in grosses. That's significantly better than expectations for $15 million-$18 million, and ...

Amazon is growing fast and generating solid free cash flows, but those are not used for dividend payments for now. Dividend payments would likely not impact total returns by a lot, and AMZN can use its cash flows for growth investments, which seems like the better idea for now. Am...

Marc Millman/Getty Images Entertainment Roger McNamee, co-founder of Elevation Partners and an early investor in Facebook (FB), said Monday that it is "inevitable" that governments will want to take power back from Big Tech and suggested that investors focus on the "next generation" of emergi...

The Federal Trade Commission has opened an in-depth investigation into Amazon.com's (AMZN -0.5%) $8.5B deal for MGM (MGMB), The Information reports. That's an indicator that the closing is a long time off, after a probe that could run six months or more.The FTC was already set to review the d...

Kevin Dietsch/Getty Images News It's the annual Sun Valley Conference from Allen & Co. - meaning the aggregate income of Sun Valley, Idaho, has been temporarily boosted by several billionaires there to talk deals - and the quotable Barry Diller is on hand to weigh in on the state of media...

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...