Business
Amazon to buy MGM, home of James Bond and Rocky, for $10.9 billion in bid to expand streaming catalogue – ABC News
Amazon.com Inc will buy MGM, the fabled US movie studio home to the James Bond franchise, for $US8.45 billion ($10.9 billion), giving it a huge library of films…
Amazon.com Inc will buy MGM, the fabled US movie studio home to the James Bond franchise, for $US8.45 billion ($10.9 billion), giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.
Key points:
- MGM, or Metro Goldwyn Mayer, also owns the Epix cable channel and makes popular TV shows including Fargo, Vikings and Shark Tank.
- Jeff Bezos, Amazon’s founder, told the company’s annual shareholder meeting on Wednesday that “MGM has a vast,…
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