TECH Amazon to buy MGM Studios for $8.45 billion
Amazon said Wednesday it will acquire MGM Studios for $8.45 billion, marking its boldest move yet into the entertainment industry and turbocharging its streaming ambitions.
The deal is the second-largest acquisition in Amazon’s history, behind its $13.7 billion purchase of Whole Foods in 2017.
Amazon said it hopes to leverage MGM’s storied filmmaking history and wide-ranging catalog of 4,000 films and 17,000 TV shows to help bolster Amazon Studios, its film and TV division.
Source and more: https://www.cnbc.com/2021/05/26/amazon-to-buy-mgm-studios-for-8point45-billion.html
Fortunately the James Bond IP will remain protected by the Broccoli family.
Amazon said Wednesday it will acquire MGM Studios for $8.45 billion, marking its boldest move yet into the entertainment industry and turbocharging its streaming ambitions.
The deal is the second-largest acquisition in Amazon’s history, behind its $13.7 billion purchase of Whole Foods in 2017.
Amazon said it hopes to leverage MGM’s storied filmmaking history and wide-ranging catalog of 4,000 films and 17,000 TV shows to help bolster Amazon Studios, its film and TV division.
Source and more: https://www.cnbc.com/2021/05/26/amazon-to-buy-mgm-studios-for-8point45-billion.html
Fortunately the James Bond IP will remain protected by the Broccoli family.