April 20, 2024

Amazon Gobbles Up MGM in $8.45 Billion Acquisition; Takes Over James Bond, ‘Rocky’ Movies

Amazon is officially acquiring the legendary Hollywood studio MGM in a blockbuster billion deal that will boost the Silicon Valley giant’s already sizable presence in Hollywood and give a competitive edge to its Prime Video streaming service. In an announcement Wednesday morning, Amazon and MGM said they have entered into a definitive merger agreement under…

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