Amazon buys MGM for $8.45 billion

E-commerce giant Amazon has struck a deal to buy the 97-year-old movie studio MGM – paying about 40% more than other prospective buyers, such as Apple and Comcast, believed it to be worth


AMAZON’S BIGGEST PURCHASES

As streaming rivalries intensify, independent film libraries are more valuable than ever. In buying Metro-Goldwyn-Mayer (MGM), Amazon is boosting its Prime Video content with franchises such as James Bond and Rocky, amid stiff competition from streaming giants like Netflix, Disney+ and HBO Max


No Time To Die, delayed 25th Bond film, due in cinemas from Sep 2020
                           
MGM (2021) $8.45 billion
Ring (2018) $1.2 billion
Whole Foods (2017) $13.4 billion
Zappos (2009) $1.2 billion

              
Source: New York Times
Pictures: Associated Press, MGM
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