Amazon is buying film studio MGM (Metro-Goldwyn-Mayer) and will pay $ 8.45 billion for it, hoping to provide more content for its streaming service, world agencies reported.
–
This is the second largest acquisition for the technology giant after the purchase of the grocery chain Whole Foods for nearly 14 billion dollars in 2017.
MGM, also known to children for its roaring lion logo, is one of the oldest Hollywood studios. It was founded in 1924, in the era of silent cinema, and its titles include a long list of classics. Behind the historic film studios are titles such as the legendary series “James Bond”, “Profession Blonde”.
A statement from Amazon said the deal would allow MGM “to continue to do what it does best: great storytelling.”
The deal will boost Amazon Prime Video with about 4,000 movies, including a franchise for the aforementioned titles, as well as 17,000 TV shows such as the TV series Handmaid’s Tale TV.
The acquisition of MGM is another deal in the media field to strengthen the position of streaming platforms against competitors such as Netflix and Disney +.
AT&T and Discovery announced on May 17 that they would merge their media companies to form a conglomerate that includes HGTV, CNN, Food Network and HBO.
The purchase of MGM will give Amazon access to more movies, series and famous characters such as Rocky, RoboCop and Pink Panther, as well as the Epix cable channel.
–
