For example, the MGM studio is behind films about James Bond, Rambo or the children’s animated series Tom and Jerry. Amazon also operates a movie playback service called on demand Amazon Prime, which competes with Netflix or HBO Go, for example.
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This seems to be crucial for Amazon. “The real financial value of this transaction is represented by a well of intellectual property in an extensive catalog, which we intend to revitalize in collaboration with the talented MGM team,” confirmed Amazon’s Vice President of Prime Videos.
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Amazon owner Jeff Bezos said in a recent letter to shareholders that 200 million people subscribe to Amazon Prime. In a document to the authorities, the company said that 175 million people watched Amazon Prime videos last year.
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The telecommunications conglomerate AT&T also recently announced that it will separate its WarnerMedia media division and merge it with rival Discovery. AT&T should own 71 percent of the new company for about $ 43 billion (849.8 billion crowns).
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