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It is Wall Street Journal which states that a sale of MGM Holdings to Amazon is imminent.
Sources tell the WSJ that the price is almost nine billion dollars. An appointment could be in place as early as this week, according to the source.
Amazon stock rises on the news.
If the agreement is signed, this will be Amazon’s second largest acquisition in history, according to WSJ – behind their acquisition of Whole Foods in 2017.
Amazon and MGM Holdings are said to have been in negotiations for several weeks, he wrote Variety for a week ago. Back then, there had long been rumors that both Amazon and other technology and media giants were interested in securing MGM.
Already in December last year, Variety wrote that MGM was looking for a buyer.
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Giant movie library
According to Variety, Amazon has over 200 million Prime members worldwide, and CEO Jeff Bezos recently told his investors that 175 million of them streamed Prime video content last year. Now the company obviously wants to make Prime video an even bigger habit for its customers. And then it’s good to get MGM’s giant film library into the mix.
MGM claims to own one of the world’s largest libraries of premium movie and television content.
There will be talk of 4,000 film titles.
There has been a fierce battle for digital media consumption in recent years. Netflix has had great success, and in the last year and a half, Disney, Apple, Warner Media, Comcast and Discovery have launched their own streaming platforms, wrote the Financial Times when it became known just over a week ago that the telecom giant AT & Ts Warner Media and Discovery were merged.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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