Amazon and MGM have signed an agreement for Amazon to acquire MGM adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
By City News Service
May 26, 2021
LOS ANGELES (CNS) - Amazon has closed the deal to purchase Hollywood icon MGM Studios for $8.45 billion, the companies announced today in a joint statement.
“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, the statement said.
“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.
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