Amazon buys MGM in a multibillion-dollar deal

Amazon buys MGM in a multibillion-dollar deal

The almost $8.5 billion merger deal between Amazon and MGM is official. MGM is the film and TV studio behind the James Bond franchise, Legally Blonde and different widespread movies.

Michael Sohn/AP

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Michael Sohn/AP

The almost $8.5 billion merger deal between Amazon and MGM is official. MGM is the film and TV studio behind the James Bond franchise, Legally Blonde and different widespread movies.

Michael Sohn/AP

Editor’s observe: Amazon is amongst NPR’s monetary supporters.

Amazon’s almost $8.5 billion deal to buy the movie and tv studio MGM is official. The 2 firms introduced Wednesday that MGM is now part of Prime Video and Amazon Studios — cementing the merger that was first introduced final Might.

That is the second-largest acquisition for Amazon after buying Entire Meals. The acquisition of the film and TV studio behind iconic movies just like the James Bond franchise, Rocky, The Silence of the Lambs and Legally Blonde is simply the newest in big-name media and streaming-service mergers.

Amazon Makes A Deal To Buy MGM For Nearly $8.5 Billion

Final 12 months, AT&T introduced a merger of WarnerMedia with Discovery, encompassing main networks like HBO, CNN, HGTV and others, to create a streaming behemoth.

It is unclear when Amazon Prime subscribers will begin to see on the positioning the total MGM catalog, which incorporates greater than 4,000 movie titles and 17,000 TV episodes.

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