Amazon officially acquires MGM for $8.45 billion


No Time to Die

No Time to Die

After rumors for a long time, Amazon finally officially announced tonight that it will$8.45 billion spentAcquired the well-known film company MGM. This transaction will bring a lot of blockbuster film and television resources to Amazon’s streaming service, including the copyrights of classic works such as “007”, “Rocky”, “The Hobbit” (it happens that Amazon also owns “The Lord of the Rings”) They all belong to MGM, and in recent years there is no shortage of masterpieces such as “The Handmaid’s Tale” and “Ice Storm”.

This is the second most expensive acquisition in Amazon’s history, second only to the $13.7 billion acquisition of Whole Foods in 2017. After eating MGM, when Amazon Prime Video faces the 21st Century Fox’s Disney+ on the streaming battlefield and the HBO Max that has just merged into Discovery’s WarnerMedia behind, it will undoubtedly become more confident. . Of course, we should not forget Netflix and Apple TV+. Although these two do not have the blessing of traditional film and television giants, they have a strong appeal in the streaming market.

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