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May 27, 2021, 10:42 AM IST New Delhi: Amazon and MGM have 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,” a company statement said. “It has been an honor to have been a part of the incredible transformation of Metro Goldwyn Mayer. To get here took immensely talented people with a true belief in one vision. On behalf of the Board, I would like to thank the MGM team who have helped us arrive at this historic day,” said Kevin Ulrich, Chairman of the Board of Directors of MGM. ....
Details 27 May 2021 Dishing out US$8.45 billion dollars, Amazon has confirmed the acquisition of MGM where it promises to now help preserve MGM’s heritage and catalogue of films, and provide customers with greater access to its existing works. According to Amazon, the acquisition was set in motion with the intention of Amazon empowering MGM to continue to do what it does best - focus on great storytelling. According to Mike Hopkins, senior vice president of Prime Video and Amazon Studios, while MGM has a vast catalogue with more than 4,000 films and 17,000 TV shows, the real financial value behind this deal is the treasure trove of IP in the deep catalogue that Amazon now plans to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling, said Hopkins. ....
Amazon acuerda la compra de MGM por 8,450 millones de dólares – Diario Amanecer diarioamanecer.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diarioamanecer.com.mx Daily Mail and Mail on Sunday newspapers.
Amazon compra MGM Studios por 8.450 millones de dólares mercopress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mercopress.com Daily Mail and Mail on Sunday newspapers.