Amazon acquired MGM for $ 8.5 billion
Amazon has finalized a $ 8.5 billion deal to buy Metro Golden Cair (MGM).
Theater News Base: Amazon has announced that it has finalized its contract to buy the MGM film studio and has now officially launched one of the world’s largest film and series collections, including 4,000 of the studio’s films, including James Bond and The Hobbit. , “Rocky”, “RoboCup” and “Pink Panther” along with films such as “Silence of the Lambs”, “Seven Wonders” and … added to his collection.
“MGM” studio also had the right to broadcast 17,000 episodes of TV series including “Vikings”, “Fargo”, “The Tale of Nadima”, “Fame”, “American Gladiators”, “Stargate” and … And now Amazon can offer these works on its online display system.
Amazon said in a statement that it would welcome all MGM employees to join the company and work with the studio’s management, and that there would be no force majeure.
The media and entertainment sector is only a small part of the vast Amazon empire, and the company spent $ 11 billion last year on movies, TV series and music for its prime and online streaming services, up 40 percent from last year.