Amazon Buys James Bond Studio MGM For $8.45 Billion

https://www.gamespot.com/articles/amazon-buys-james-bond-studio-mgm-for-8-45-billion/1100-6491995/

Amazon has officially purchased MGM for $8.45 billion, the online retail giant announced on Wednesday, following reports about the sale.

"Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works," the company said in a release. "Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling."

MGM’s catalog includes more than 4,000 movies covering a number of gigantic franchises outside of James Bond, including the video game movie rights for Tomb Raider. Some of MGM’s other film franchises include Robocop, Rocky, Silence of the Lambs, The Pink Panther, Thelma & Louise, Legally Blonde, and Poltergeist.

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May 26, 2021 at 07:51AM

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