Amazon closes $8.5B deal to acquire Hollywood studio MGM

today03/17/2022 3

share close

Amazon has closed its $8.5 billion acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets.

MGM is one of the oldest studios in Hollywood. The retail giant said in a blog post Thursday MGM has more than 4,000 film titles, 17,000 TV episodes and awards that will complement Prime Video and Amazon Studios’ work.

Amazon plans to draw on the vast MGM library, with famous characters such as Rocky, RoboCop and Pink Panther, to create new movies and shows.


Source: AP – All contents copyright 2022 Associated Press.  All rights reserved.


Written by: Editor

Rate it

Previous post


Maryland budget plans $800M for future education plan costs

ANNAPOLIS, Md. (AP) — Maryland lawmakers are planning to set aside $800 million to pay costs in future years for the state's sweeping education reform law known as the Blueprint for Maryland's Future. As the Maryland Senate nears a vote on the state budget measure for the next fiscal year, Sen. Guy Guzzone said Wednesday the decision was made in recognition of last week's announcement that revenues are projected to […]

today03/17/2022 2