Amazon has completed its $8.5 billion purchase of popular film and television studio MGM. The James Bond and Rocky franchises are now part of Prime Video’s video library.
Amazon has closed an $8.45 billion (€7.7 billion) deal with MGM, which will feature James Bond and other popular classics. Under the wings of e-commerce giants. This move will allow Amazon to significantly enrich the catalog of its Prime Video streaming service, with 4,000 movies and 17,000 hours of TV shows.
Thanks to the MGM acquisition, Amazon has acquired the rights to the famous James Bond franchise. In addition to Agent 007, Amazon now has other classics Pink Panther, Silence of the Lambs and Fargo TV seriesRead anyone but them.
MMM control may be illegal.
Note that this is a transaction In the year Amazon’s second most expensive purchase of 2017 after Whole Foods And it comes despite reports of a months-long investigation by the Federal Trade Commission. In fact, we learned last summer that getting MGM might be illegal.
However, The Wall Street Journal reported earlier this month that Amazon has provided the Federal Trade Commission with affidavits that antitrust investigators have requested regarding the deal. If the commission does not complain, it may be free to complete the purchase Before the end of mid-March.
beginning of the week The European Union Antitrust Commission has given the green light to Amazon shopping, mentioning that ” The transaction does not pose any competition risk. “, they” overlap between the two companies Limitations Amazon apparently saw that approval as enough and closed the deal nearly a year after the two companies approved it.
” We welcome MGM employees, creators and talent to Prime Video and Amazon Studios, and look forward to working together to create even more opportunities to deliver quality stories to our customers. ” announced the American giant.
Source: Amazon
