attempt to own more intellectual property or ip for short. bezos saying in a statement the acquisition basis here is simple. mgm has a vast, deep catalog of much beloved intellectual property and with the talented people at mgm and amazon studios we can reimagine and develop that ip for the 21st century. taking old movies and old tv shows, remaking them and finding new ways to stream them. that s what this deal is all about. but time will tell whether amazon is overpaying, paying more than $8 billion for the studio. and time will tell whether amazon really knows how to run a storied hollywood studio. brian stelter, cnn, new york. all right. just ahead, it was a rough night for the nba s washington wizards, especially their superstar russell westbrook who wasn t exactly showered with affection from the fans in philadelphia. i will explain coming up. stay with us.
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