Amazon (AMZN) will be buying MGM Studios. MGM’s catalog includes a library of over 4,000 films and 17,000 television shows. TV shows include “Fargo” and “The Handmaid’s Tale.” Films of MGM include, The James Bond, Pink Panther, RoboCop and Rocky franchises, and films “The Silence of the Lambs.” are included in that library.
The deal has a valuation of $8.45 billion and Amazon will now have the massive library of film and TV shows it will offer for Prime Video content coffers.
MGM is currently owned by hedge funds including Anchorage Capital Group. It has been seen as a takeover target for years. recently advisers were added to staff to seek offers for the sale of MGM.
A$9 billion, the MGM takeover would be Amazon’s largest acquisition since the purchase of Whole Foods in 2017 for $13.7 billion. Amazon paid $11 billion on content for its streaming video and music services last. The company has also agreed to pay approximately $1 billion a year on NFL rights.
The deal is set to close this coming Tuesday. It will certainly give Amazon the competitive edge in the streaming wars.
Amazon (AMZN) will be buying MGM Studios.MGM’s catalog includes a library of over 4,000 films and 17,000 television shows. The James Bond, Pink Panther, RoboCop and Rocky franchises, and films “The Silence of the Lambs.” are included in that library.
The deal has a valuation of $8.45 billion and Amazon will now have the massive library of film and TV shows it will offer for Prime Video content coffers.
MGM is currently owned by hedge funds including Anchorage Capital Group. It has been seen as a takeover target for years. recently advisers were added to staff to seek offers for the sale of MGM.
A$9 billion, the MGM takeover would be Amazon’s largest acquisition since the purchase of Whole Foods in 2017 for $13.7 billion. Amazon paid $11 billion on content for its streaming video and music services last. The company has also agreed to pay approximately $1 billion a year on NFL rights.
The deal is set to close this coming Tuesday. It will certainly give Amazon the competitive edge in the streaming wars.
