Amazon takeover of MGM: Will James Bond sell his soul for streaming?
The deal is closed. Announced last May, Amazon’s acquisition of the iconic MGM studio has now been announced. Deal size: $8.5 billion, a hefty sum for the e-commerce giant to bolster its content offering in the fierce battle between streaming platforms.
“With more than 4,000 films, 17,000 TV episodes, 180 Academy Awards and 100 Emmy Awards, the historic, nearly century-old studio complements the operations of Prime Video and Amazon Studios to offer customers a variety of entertainment choices.” a press release published on Thursday suggests.