Amazon to buy MGM Studios for $8.45 billion : business

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Amazon to buy MGM Studios for $8.45 billion (cnbc.com)

submitted by 1 year ago

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From the article:

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.

2 total comments

1 year ago

As a subscriber I'm looking forward to seeing what content will be added.

1 year ago

I think it's going to be a bunch of Bond movies.

MGM has a ton of content, but it's basically all "Old" (the young ones really don't watch anything before 1970).

It's an interesting purchase, but I don't think it will do that much for Amazon.

I could be wrong.