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Why Did Amazon Pay Nearly $9 Billion for MGM Studios?

Amazon acquires the major Hollywood studio behind films such as "James Bond," "Rocky," and "The Pink Panther." Read what the deal means for the future of movies and about Amazon's entertainment ambitions.

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Why Did Amazon Pay Nearly $9 Billion for MGM Studios?
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    Amazon buys MGM in a mega media deal

    Amazon buys MGM in a mega media deal

    verified_publisher
    CNN - By Frank Pallotta

    New York (CNN Business) — James Bond, meet Jeff Bezos. Amazon (AMZN) is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most iconic movie studios in Hollywood. The …

    Why Amazon is paying nearly $9 billion for MGM and James Bond

    Why Amazon is paying nearly $9 billion for MGM and James Bond

    verified_publisher
    Recode - Peter Kafka

    Update, March 17, 10 am: Amazon’s $8.45 billion deal has closed, and the company announced that MGM will be joining Prime Video and Amazon Studios. Big tech companies have been eyeing big media companies for years — but they’ve never gotten together before. Now it’s finally, probably happening: …

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