Amazon Acquires Hollywood’s MGM Studio For Whopping $8.45 Billion
Amazon on May 26 acquired the Hollywood’s MGM studio for a $8.45 billion deal. Reportedly, the acquisition will help Amazon an edge over rival OTT platforms including Netflix and Disney+. Highlighting the vast catalogue of MGM, Amazon’s Jeff Bezos said, Amazon will reimagine and develop MGM’s deep Intellectual property with the talented pool of people at MGM and Amazon. Recalling MGM-produced James Bond movie, Industrialist Anand Mahindra… read-more
Tags: Amazon, MGM Studio, Hollywood, Netflix, Jeff Bezos
Courtesy: NDTV