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 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.