Wednesday, May 26, 2021

News: Amazon Buys MGM for $8.45 Billion

Confirming rumors that have been swirling for the past week, Amazon has officially purchased Metro-Goldwyn-Mayer (MGM) for $8.45 Billion.  This gives Amazon control of some major new releases and some very well loved intellectual property including the Bond Series, Lord of the Rings, Rocky, and Silence of the Lambs.  According to its press release: "Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling."

What this means for the future of those beloved franchises is anyone's guess, but it does probably mean that Amazon prime members will soon have an injection of new streaming content!

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