Amazon vs. Netflix: Jeff Bezos Spends $8 Billion in MGM Purchase Amid Streaming War
With news that Amazon has entered into an agreement to purchase a controlling stake at the classic Hollywood studio MGM, nothing else could strengthen the tech giant more as it bulds its streaming portfolio.
Photo : Edward Smith/Getty Images
With news that Amazon has entered into an agreement to purchase a controlling stake at the classic Hollywood studio MGM, nothing else could strengthen the tech giant more as it bulds its streaming portfolio.
Amazon Builds Content Muscle in Streaming War Against Netflix
This $8.45 billion deal, as reported by CNBC, would build immense content muscle for Amazon s streaming platform the Amazon Prime Video in a head-to-head battle against Netflix, as well as other players in the fast-rising market. After all, MGM has a widely acclaimed catalogue of movies, numbering 4,000, that cover a century of noted Hollywood filmmaking.