Amazon buys MGM for USD 8.45 billion

Wednesday 26 May 2021 | 15:04 CET | News
Amazon has definitively agreed to buy MGM for USD 8.45 billion. Amazon said the acquired content will complement the work of Amazon Studios, which has primarily focused on producing TV show programming. The company said it will help preserve MGM's heritage and catalogue of films, and provide customers with greater access to the existing works, but that the the real financial value behind the deal is the "treasure trove" in the deep catalogue that the company plans to reimagine and develop together with MGM's team.

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Categories: Broadcast & Satellite
Companies: Amazon
Countries: World
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