Home Consumer Tech Amazon announces it has agreed to purchase MGM for $8.75 billion

Amazon announces it has agreed to purchase MGM for $8.75 billion

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Amazon announces it has agreed to purchase MGM for $8.75 billion

Amazon is announcing that it has agreed to construct MGM’s (Metro Goldwyn Mayer) whole backlog of content material relationship help practically a century. It’s principal that MGM has over 4,000 motion photos and 17,000 hours of tv reveals and with it, Amazon hopes to strengthen its most up-to-date on-put apart a matter to video offerings.

Amazon announces it has agreed to purchase MGM for $8.75 billion

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Amazon has closely invested into its private Amazon Studios to construct genuine reveals and movies extraordinary for Prime video and this acquisition will position the platform to compete with Disney+ and Netflix on a wiser scale. Amazon believes that MGM’s catalog will complement Amazon Studios smartly.

The loyal monetary fee unhurried this deal is the like trove of IP in the deep catalog that we idea to reimagine and create together with MGM’s proficient workforce. It’s very exciting and affords so many opportunities for excessive-quality storytelling.” – Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios

MGM’s motion photos and reveals have collectively won bigger than 180 Academy Awards and 100 Emmys. Motion photos included in the deal are the James Bond assortment, Legally Blonde, Poltergeist, Robocop, Rocky, Silence of the Lambs, Tomb Raider, and Creed. TV reveals encompass Fargo, The Handmaid’s Myth, and Vikings.

Amazon announces it has agreed to purchase MGM for $8.75 billion

This announcement is only the foundation of the total acquisition activity performed by US anti-belief regulators that could commonly take care of years to total. Amazon currently contains Prime Video to usual Prime contributors, but could this acquisition be a precursor to a novel pricing structure for Prime Video?

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Amazon announces it has agreed to purchase MGM for $8.75 billion