Metro Goldwyn Mayer’s has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming
After the purchasing frenzy a week ago, M&A mania in the media market has continued with confirmation of the expected new that Amazon has entered into a def.
It's been confirmed today that Amazon has acquired MGM for a whopping $8.45 billion, giving the streaming service access to iconic franchises such as James Bond, Tomb Raider, Stargate, and many more.
WORLD SCREEN
Amazon to Acquire MGM
Amazon has entered into a definitive agreement to acquire MGM for a purchase price of $8.45 billion.
MGM has won more than 180 Academy Awards and 100 Emmys. Its movie library has over 4,000 titles, among them
12 Angry Men,
Legally Blonde, Thelma & Louise and
House of Gucci, Respect, The Addams Family 2 and the untitled Paul Thomas Anderson film. The catalog also features 17,000 TV shows, including
The Handmaid’s Tale,
Fargo and
12 Angry Men,
The Pink Panther,
Fargo,
The Handmaid’s Tale and
Vikings that have collectively won more than 180 Academy Awards and 100 Emmys,” said Mike Hopkins, senior VP of Prime Video and Amazon Studios. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling.”
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Amazon and MGM today announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. 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.
“MGM has a vast catalog with more than 4,000 films