Today, Amazon announced it would purchase the film and television studio, MGM, for $8.45 billion. government has yet to weigh in either way on the deal, but the two companies signed off on the plan regardless. The European Commission concluded that the Amazon and MGM merger "would not significantly reduce competition in the markets." But the U.S. government approved this plan last month. Last year, AT&T announced a merger of WarnerMedia with Discovery, encompassing major networks like HBO, CNN, HGTV and others, to create a streaming behemoth. The purchase of the movie and TV studio behind iconic films like the James Bond franchise, Rocky, The Silence of the Lambs and Legally Blonde is just the latest in big-name media and streaming-service mergers. ![]() This is the second-largest acquisition for Amazon after purchasing Whole Foods. The two companies announced Wednesday that MGM is now a part of Prime Video and Amazon Studios - cementing the merger that was first announced last May. MGM is the movie and TV studio behind the James Bond franchise, Legally Blonde and other popular films.Įditor's note: Amazon is among NPR's financial supporters.Īmazon's nearly $8.5 billion deal to purchase the film and television studio MGM is official. ![]() The nearly $8.5 billion merger deal between Amazon and MGM is official.
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