844-945-9544

Amazon to buy MGM, studio behind James Bond and ‘Shark Tank’

05/27/2021 14

NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch.

Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition after buying grocer Whole Foods for nearly $14 billion in 2017. The deal is the latest in the media industry that’s aimed at boosting streaming services to compete against Netflix and Disney+.

AT&T and Discovery announced last week that they would combine media companies, creating a powerhouse that includes HGTV, CNN, Food Network and HBO.

Written by: Editor

Amazon James Bond MGM Shark Tank

Rate it

Events

Hogan vetoes bills backed by immigration advocates

ANNAPOLIS, Md. (AP) — Maryland Gov. Larry Hogan has vetoed two bills supported by immigration advocates. One of the bills vetoed Wednesday would prohibit local jails from entering into agreements with federal authorities on immigration-related detentions. The other would require state employees to deny inspection of records or use of facial recognition technology by any federal agency seeking to enforce immigration law without a warrant. The Democratic-controlled General Assembly passed […]

05/27/2021 9