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Amazon deal to acquire MGM movie studio could come Tuesday

Amazon deal to acquire MGM movie studio could come Tuesday

Al Jazeera
Monday, May 24, 2021 09:51:26 PM UTC

The agreement would bring a vast library of MGM movies and shows to Amazon, including the James Bond, Pink Panther, RoboCop and Rocky franchises, as well as films such as, The Silence of the Lambs.

Amazon.com Inc. is poised to announce an acquisition of the Metro-Goldwyn-Mayer movie studio as soon as Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood. Amazon is in talks to pay almost $9 billion for the business, said the person, who asked not to be identified because the deliberations are private. The discussions — first reported last week — could still fall apart, and it’s possible that the price or timing changes. The agreement would bring a vast library of movies and shows to Amazon, which operates the Prime Video streaming service. MGM’s catalog includes the James Bond, Pink Panther, RoboCop and Rocky franchises, as well as films such as “The Silence of the Lambs.”
Read full story on Al Jazeera
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