Amazon to Acquire MGM Studios for $8.45 Billion
Amazon agrees to buy MGM in an $8.45 billion deal that brings over 4,000 films and 17,000 TV episodes to Prime Video. The acquisition focuses on leveraging MGM's vast catalog of iconic intellectual property for future storytelling.
Amazon and Metro Goldwyn Mayer (MGM) officially enter a definitive merger agreement where Amazon acquires the legendary studio for $8.45 billion. This massive purchase brings nearly a century of filmmaking history directly under Amazon's corporate umbrella. The deal pairs MGM's historic catalog with Amazon Studios, which largely focuses on producing original television programming.
The true value of this acquisition lies in MGM's enormous library of intellectual property, which includes over 4,000 film titles and 17,000 TV shows. Iconic franchises like James Bond, Rocky, and The Pink Panther, alongside award-winning series such as Fargo and The Handmaid's Tale, give Amazon a massive vault of content. These titles collectively hold more than 180 Academy Awards and 100 Emmys.
Amazon plans to preserve MGM's rich heritage while reimagaging and developing this deep catalog for modern audiences. The tech giant states that this deal empowers MGM to continue its tradition of great storytelling with the backing of Amazon's global distribution network. Fans soon expect greater access to these beloved classics and potential new adaptations across Prime Video.