Business
Amazon to buy MGM, Bezos announces his exit date – Sydney Morning Herald
Amazon says it is buying the fabled US movie studio home for $US8.45 billion, while chief Jeff Bezos announces he will hand over the reins to new CEO Andy Jassy…
The proliferating streaming services are scrambling for brands that they can expand and libraries of older shows and movies. Analysts have said this is a big motivation for another round of consolidation of media properties after a brief hiatus during the pandemic.
Underscoring the trend, AT&T announced a $US43 billion deal last week to spin out its WarnerMedia business and combine it with Discovery, one of the most ambitious yet in the streaming era.
Amazons Hollywood studio purchase is a first…
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