Hollywood movie studio MGM agrees to $8.45bn takeover by Amazon | Company News

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MGM, the Hollywood movie studio driving classics from Singin’ In The Rain to the James Bond franchise, is to be snapped up by Amazon in an $8.45bn offer.

The on the net retail big led by Jeff Bezos will swallow up just about a century of movie-creating heritage as its Primary subscription service bulks up for the struggle for video clip streaming clients with the likes of Netflix and Disney.

MGM has – like other movie studios – endured a difficult time through the pandemic with cinemas shut and its launch day for new Bond film No Time To Die

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Amazon reportedly in talks to invest in James Bond maker MGM for $9bn | Small business Information

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Amazon is reportedly in talks to buy MGM, the Hollywood studio whose films incorporate the James Bond franchise, for $9bn.

The on-line retailer – which also streams drama and activity by using its Prime subscriber provider – declined to remark on what it described as “rumours or speculation”.

Stories initially emerged hours immediately after US telecoms giant AT&T confirmed it was spinning off its media property like film studio Warner Bros and Television set channel HBO in a $43bn tie-up with Discovery – aimed at producing a new streaming giant.

Graphic:
MGM also owns the Rocky franchise

MGM will make

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