Amazon bought MGM for $ 8,45 billion

Amazon reached an agreement για την εξαγορά της κινηματογραφικής και τηλεοπτικής εταιρείας MGM για 8,45 δισεκατομμύρια δολάρια, σύμφωνα με τις ανακοινώσεις των companies.

It is an important acquisition of Amazon because as of today it has a content library that is said to consist of approximately 4.000 movies and 17.000 hours of TV shows.

mgm logo xl

The acquisition is likely to help Amazon attract even more Prime subscribers, as the Prime Video service rivals Netflix and Disney Plus.

MGM is perhaps the most famous Hollywood studio with the James Bond and Rocky film franchises, and the library contains everything from classic films like 12 Angry Men to modern TV shows The Handmaid's Tale and Vikings. Amazon says the acquisition will "give its customers greater access" to MGM's works and "empower" the studio to continue its "great storytelling."

MGM is currently owned by a private companies such as Anchorage Capital Group, Highland Capital Management and Solus Alternative Asset Management.

The sale of MGM takes place during a period of Hollywood integration, as companies seek to strengthen their content libraries to compete with Netflix and Disney. The Best Technology Site in Greecefgns

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Amazon, MGM

Written by giorgos

George still wonders what he's doing here ...

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