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Amazon's New Era With MGM
Tuesday, June 1, 2021 - 10:22am | 1253Read More...As Jeff Bezos prepares to pass the baton to the new CEO in July, Amazon.com, Inc. (NASDAQ: AMZN) is showing no signs of stopping after posting impressive first-quarter results late a month ago with its largest strike in the "Streaming Wars" and its biggest push into entertainment to...
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Amazon In Talks To Acquire MGM Studios: What You Need To Know
Tuesday, May 18, 2021 - 2:47am | 392Read More...Amazon.com, Inc (NASDAQ: AMZN) is in talks to acquire MGM movie studio, which could give a significant boost to the latter’s entertainment portfolio, as per reports. What Happened: The discussions were reported by The Information on Monday (via AppleInsider). The status of the talks can...
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Fintech Focus For December 22, 2020
Monday, December 21, 2020 - 7:40pm | 1383Read More...Quote To Start The Day: Try to be a rainbow in someone’s cloud. Source: Maya Angelou One Big Thing In Fintech: Instead of focusing on growth at all costs, fintech startups have been drawing a path to profitability. It doesn’t mean that they’ll have a positive bottom line at the...
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3 Ways Snapchat Is Responding To Slow User Growth
Thursday, May 25, 2017 - 10:19am | 918Read More...After several months of poor daily-active-user figures by Snap Inc (NYSE: SNAP), Evan Spiegel, Snapchat CEO and co-founder, is determined to drive user-engagement. The DAU decline occurred right after Facebook Inc (NASDAQ: FB)'s Instagram Stories launched, and Spiegel has taken notice. Specifically...
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Loop Capital Says Viacom's On 'Simply The Worst Cold Streak Ever' Following 'Ben-Hur' Bomb
Friday, August 26, 2016 - 2:05pm | 349Read More...Viacom, Inc. (NASDAQ: VIA) (NASDAQ: VIAB) is in one heck of a slump. Early indications are that its most recent hope, “Ben-Hur,” will not change Viacom’s luck. In a new note, Loop Capital Markets analyst David Miller cut earnings estimates for Viacom and discussed the company...
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Ninja Turtles' Sequel Stalls Out On Paramount, 'Me Before You' Surprises For Warner Bros.
Tuesday, June 7, 2016 - 9:38am | 231Read More...The box office gives, and it takes away. This weekend, that scenario happened to Paramount (Viacom, Inc. NASDAQ: VIAB)) when its "Teenage Mutant Ninja Turtles" sequel "Out of the Shadows" faded over its opening three-day frame. The film struggled, despite a late surge to push its total to $35...
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Say Farewell To The Monte Carlo Casino Resort
Monday, June 6, 2016 - 3:02pm | 323Read More...MGM Resorts International (NYSE: MGM) made an announcement on Friday that will likely upset many tourists that frequent Las Vegas. MGM said it will spend $450 million to transform "every element" of the Monte Carlo Resort and Casino as part of a rebranding effort. According to...
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MGM's Growth Properties IPO Expected To Open In $18-$21/Share Range
Friday, April 8, 2016 - 9:57am | 237Read More...MGM Growth Properties announced in a regulatory filing on Friday it will offer 50 million class A common shares to the public at a price between $18 and $21 per share. MGM Growth Properties' stock will trade on the New York Stock Exchange under the ticker "MGP." The REIT was recently formed as part...
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How To Invest In The Diverging Casino Space
Tuesday, September 8, 2015 - 12:45pm | 398Read More...Telsey Advisory Group recently initiated coverage of casino stocks and released a new report discussing the current state of the industry. Analyst David Katz sees a major divergence in the casino business these days, and believes that investors should make sure to be on the winning side of the...
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Is MGM Headed For A Proxy Fight?
Saturday, March 21, 2015 - 4:12pm | 506Read More...Three days after hedge fund Land and Buildings released a detailed report on MGM Resorts International (NYSE: MGM) advising the company to consider spinning off its casino properties into a real estate investment trust (REIT), the fund issued a follow-up statement to MGM shareholders. Since MGM...
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'Box Office Underperforms But Still Manages To Grow,' MKM Partners Says
Monday, February 23, 2015 - 12:29pm | 296Read More...In a report published Monday, MKM Partners analyst Eric Handler looked into the cinema industry, which continues to underperform forecasts but is still managing to deliver some growth. The weekend's top 10 films grossed $103 million, $14 million below the firm’s $117 million forecast...
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The 5 Highest-Grossing Best Picture Winners
Sunday, February 22, 2015 - 1:28pm | 496Read More...People from all over the world will be watching the 87th Academy Awards ceremony. In the past, Best Picture winners were, on many occasions, among the highest-grossing pictures of all-time. So which five winning flicks were the highest grossing of all? Adjusted for inflation, here are the...
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Deutsche Bank Likes MGM Resorts At Current Levels
Wednesday, February 4, 2015 - 9:10am | 261Read More...Carlo Santarelli of Deutsche Bank on Wednesday commented on the earnings implications for MGM Resorts International (NYSE: MGM) following Las Vegas Strip data from the Las Vegas Convention and Visitors Authority. Santarelli believes that MGM will report a solid fourth-quarter RevPAR (Revenue...
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Deutsche Bank's Quick Take On Macau: No Rebound Expected In December
Tuesday, December 2, 2014 - 1:39pm | 284Read More...Carlo Santarelli of Deutsche Bank commented in a note on Tuesday that Macau's 19.6 percent gross gaming revenue decline seen in November was expected and December's gross gaming revenue is also expected to be lower than it was a year ago. Santarelli is projecting gross gaming revenue in...
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Market Wrap For November 27: Markets Inch Higher Before Pausing For Thanksgiving
Wednesday, November 27, 2013 - 6:01pm | 1594Read More...Major indices crawled higher on light volume, which was to be expected. The Nasdaq to new highs that haven't been seen since September 2000, while the other major indices failed to hold on to earlier gains, but still finished in positive territory. On Thursday, the markets will take a much...
