Amazon is reportedly in talks to purchase MGM Studios for an estimated Nine Billion dollars.
Amazon negotiating deal to buy MGM Studios for $9 billion
Amazon is reportedly several weeks into negotiations on a deal to buy MGM, the Hollywood studio behind the “James Bond” franchise.nypost.com
MGM is considered a 'Mini-Major' Film Producer and thus not one of the big Hollywood Studios (ie Disney, Warner Bros/New Line, Universal, Paramount and Sony) but still a large filmmaking company. MGM used to be considered a major studio before its bankruptcy troubles over a decade ago.
Current franchises/libraries it has control of include James Bond, Rocky, and the Barbershop and Legally Blonde film series. They also serve as a distributor for other filmmaking companies. It's believed this is largely being pursued by Amazon so they can expand the Amazon Prime Video Library.
And the deal is done!
Amazon buys MGM Studios for $8.45B in Hollywood mega deal
Amazon announced it has purchased MGM Studios, once one of Hollywood’s Big Five major production and distribution companies until it fell into bankruptcy in the 21st Century.
nypost.com
Amazon buys MGM Studios for 8.45 billion dollars and so the Streaming Wars to make Streaming Television as shitty as Cable Television continues. This is Amazon's biggest acquisition since purchasing the Grocery Store retailer Whole Foods for 13.7 billion back in 2017. Amazon has spent over 11 billion on video and music content last year alone.
As a comparison, in 2012 Disney purchased Star Wars for $4 billion dollars.
Other media acquisitions that could be on the radar include LionsGate Studios which is valued at $3.5 billion and Viacom-CBS which is valued at 26 billion.