According to a new Wall Street Journal report, Amazon is in line to make their second biggest acquisition ever. Amazon is acquiring MGM, the studio behind the James Bond franchise and more. While this is a report, for now, WSJ states that the deal could become official later this week. The official dollar amount is somewhere in the range of $9 billion.
MGM famously declared bankruptcy in 2010 and has been rumored to be up for sale since then. Other tech and entertainment companies rumored to be in on the sale were Apple and NBCUniversal. If the deal finalizes, Amazon would have MGM’s gargantuan library of content at their disposal. Prime Video’s output for content would gain over 4,000 movies and 17,000 hours of television. Movies like Rocky, James Bond, The Hobbit trilogy, and more.
No Time To Die is set to release in October 2021. It’s unclear if this agreement changes the distribution plans for that film. This would be a massive move for Amazon in the long run. Prime Video’s content push and subscriber base has steadily rose over the past couple years.
We’ll keep you updated on this story as it develops.
So, what do you think of Amazon acquiring MGM?
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Source: Wall Street Journal