Amazon set to acquire MGM for $8.45 billion

[Jacob Siegal]

Amazon's string of high-profile acquisitions continues this week, as the company announced in a press release on Wednesday morning that it will purchase MGM for $8.45 billion. This will be the second-largest acquisition Amazon has made -- the retailer paid $13.7 billion for Whole Foods -- and gives the company control over some of the biggest film franchises in history.

As Amazon notes in its press release, MGM's catalog consists of more than 4,000 films and 17,000 TV shows, including massive franchises such as James Bond, Rocky, and Robocop. There are also plenty of classic films that Amazon can now mine for new content, like Silence of the Lambs and The Magnificent Seven, as well as TV shows such as Fargo, The Handmaid’s Tale, and Vikings.

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Amazon set to acquire MGM for $8.45 billion originally appeared on BGR.com on Wed, 26 May 2021 at 08:58:00 EDT. Please see our terms for use of feeds.

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