*If You Own MGM, AMC, SIRI Then Click Here to Join Our Community Of Traders
The Market Signal was created as a platform to help investors, if you own (NYSE:MGM), (NASDAQ:AMC) or (NASDAQ:SIRI) and want to join the fastest growing community of investors on the web then sign up to the link below. Members get free access to the best investment tools in the world. Start trading like a pro today. This is a limited time offer so click the link below NOW.
https://themarketsignal.com/Free-Report/NOW
(Click the link above or copy, paste and hit enter in your browser for your report)
MGM Resorts Introduces Package For Remote Workers
https://themarketsignal.com/Free-Report/MGM
(Click the link above or copy, paste and hit enter in your browser for your report)
MGM Resorts (NYSE:MGM) gained 3.09% on a volume of 34.44 million shares. The company has launched a program meant for teleworkers. The Viva Las Office package offers customers rooms at ARIA ad Bellagio with exceptional benefits like a dedicated executive assistant, daily beverage and food credit, discounted flights with JSX, and extended check-in/out hours. The package requires a minimum of three nights and it costs $100 per night. Five Nights at the associate level will cost around $509 including taxes and a daily resort fee of $45 the total will be $832.21.
Atif Rafiq, MGM Resorts' Commercial and Growth president said that the packages have been designed to give customers the best in terms of spacious and safe work setting while giving amenities typical to Las Vegas.
AMC Entertainment Stock Surges After Landmark Paramount Decrees Ruling
https://themarketsignal.com/Free-Report/AMC
(Click the link above or copy, paste and hit enter in your browser for your report)
AMC Entertainment (NYSE:AMC) is also up 14.73% on a volume of 24.84 million shares. A court ruling that indicated that movie studios can own theatres triggered the surge in the stock. Since 1948 under the Paramount Decrees the likes of Universal Studios, Walt Disney and paramount pictures could not own local cinemas.
The court said that the Hollywood giant studios have dominated the movies and theatres industries illegally. The DoJ stated that the decrees didn't hold as the internet, broadcast and cable TV and DVDs had changed watching of movies. AMC, Regal, and Cinemark control almost 41,000 US movie screens. Recently AMC agreed with Universal Studios that it will keep its movie s in theatres for only 17 days in return for it to receive part of the home-video revenue.
Sirius XM Reports Revenue Of $1.9 billion in Q2 2020
https://themarketsignal.com/Free-Report/SIRI
(Click the link above or copy, paste and hit enter in your browser for your report)
Sirius XM (NYSE:SIRI) was up 1.01% on the day on a volume of 18.07 million shares. The company reported net revenue of $1.9 billion in Q2 2020 which is a 5% drop from Q2 2019. Net income in the quarter was $243 million with net income per diluted share being $0.05. Q2 2020 EBITDA was $615 which resulted in an adjusted margin of 32.8%.
New subscribers in the quarry were 516,000 bring the total number of subscribers to 34.3 million. This includes around 264,000 net new self-pay subscribers. Subscription revenue was $1.6 billion. Jim Meyer the CEO of the company indicated that despite the challenging times due to the pandemic the business has been resilient with results improving.
Please email or contact us for any edits or errors relating to this stock market news.
If you would like information on using our press release distribution service aimed at helping investors with the best stocks to buy and how to create your own stock portfolio. We cover the US Stock Market, Canadian Stock Market, the Australian Stock Market, and other Stock Market news.
We will get back to you within 24 hours.
COMTEX_369170740/2700/2020-08-10T10:20:28
Is there a problem with this press release? Contact the source provider Comtex at editorialpr@comtex.com.
