Amazon Acquires Legendary MGM Studio for $8.45 Billion
Amazon purchases MGM in a massive $8.45 billion deal to boost its Prime Video streaming library. The acquisition gives Amazon control over thousands of iconic films and television shows.
Amazon acquires legendary studio MGM for $8.45 billion in a definitive merger agreement. The historic deal brings the famed studio behind James Bond under the Amazon umbrella and pairs perfectly with Amazon Studios.
The tech giant gains immediate access to a massive entertainment catalog that includes more than 4,000 movies and 17,000 TV shows. This extensive library allows Amazon to supercharge its Prime Video streaming service with highly recognizable and beloved content.
Amazon plans to preserve MGM's rich heritage while mining its classic properties for new original programming. Franchises like Rocky, Pink Panther, and 007 offer significant potential for future reboots and spin-offs on the streaming platform.