Amazon has announced that it has agreed to acquire the iconic movie studio MGM
Amazon is completely revolutionizing the entertainment industry by buying the movie studio and television network MGM in an $8.45 billion deal. Amazon buys MGM for $8.45 billion. The acquisition includes a diverse library of more than 5,000 titles and ancillary assets that enhance Amazon Prime Video’s growing lineup of programming and original content for customers. The MGM Library lives on today as a treasure trove of film and television history.
For Amazon, the acquisition represents a big step towards its goal of offering “the best selection of videos in the world.” MGM is the first studio to boast more than $10 billion worldwide at the box office. It boasts some of the most prestigious awards in the industry, including multiple Oscars, Golden Globes, and Emmys, and boasts a library of iconic film franchises like Bond, Rocky, and The Hobbit.
“We are adding thousands of movies and TV shows to Amazon Prime Video, making memorable MGM content available to everyone, at no additional cost. This move will be great for customers who love MGM content and may not have been able to pay for the product separately. Thousands of new titles are coming to Prime’s video catalogue, from James Bond to Rocky, The Shining and more.” officials said.
Amazon is a global provider of products, services, and solutions in various industries. Lately, they have expanded into online video and started their own film company, Amazon Studios. Amazon has announced that it is working to obtain the rights to stream thousands of new movies and TV shows. This is great news for Amazon Prime. The merger would make thousands more movies and TV shows available. Let’s see how the deal goes and if users like the new combination of both companies.
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