Amazon MGM Studios needed a 'Hail Mary'
Digest more
UPDATE: MAY, 26 — One of the most iconic and historic Hollywood movie studios has officially been gobbled up by Amazon. A week after news of a potential sale broke, both companies announced Wednesday morning that Jeff Bezos’s internet giant will ...
WASHINGTON (NEXSTAR) — Amazon announced on Wednesday plans to purchase MGM studios for $8.45 billion. The two companies have already signed an agreement. The purchase would bolster Amazon’s video library with thousands of TV shows and iconic movies.
Amazon is reportedly in discussions with MGM about purchasing the movie studio. According to Variety, the deal could be worth a reported $7 to $10 billion. The Information reported that MGM's extensive library includes James Bond movies, the “Rocky ...