Amazon buys MGM for $8.45 billion

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email
MGM Logo
Image: Metro Goldwyn Mayer

Amazon has reached a deal to acquire the film and TV company MGM for $8.45 billion, the companies announced today. It’s a significant acquisition for the e-commerce giant, and it means it will own a library of content that’s reported to consist of around 4,000 films and 17,000 hours of TV. The acquisition is likely to help Amazon attract even more big-spending Prime subscribers as its Prime Video service competes with the likes of Netflix and Disney Plus.

MGM is perhaps most notable for being the Hollywood studio behind the James Bond and Rocky franchises, but its library runs the gamut from classic films like Gone with the Wind to modern TV shows like The Handmaid’s Tale and Vikings. MGM’s library also includes unscripted TV shows like T...

Continue reading…

More To Explore

How to preorder Amazon’s latest devices

Illustration by Alex Castro / The Verge

Amazon announced a fleet of new products at its hardware event, including the Astro home robot, several Ring home security products, and other products like a bigger Echo Show 15 a…

Microsoft starts testing xCloud integration on Xbox consoles

Illustration by Alex Castro / The Verge

Microsoft is starting to test its Xbox Cloud Gaming (xCloud) integration with Xbox consoles today. Some Xbox Insiders in the Alpha Skip-Ahead and Alpha rings will be able to access…

Ready to take the plunge into the online world?

drop us a line and keep in touch