Amazon buys MGM Studios for $8.45B in Hollywood mega deal

Amazon is ready for its closeup.

The e-commerce giant announced Wednesday it has purchased MGM Studios — once one of Hollywood’s Big Five major production and distribution companies until it fell into bankruptcy in the 21st century. It’s Amazon’s biggest acquisition since it bought Whole Foods for $13.7 billion in 2017. The deal also marks the $1.6 trillion e-commerce giant’s biggest push yet into Hollywood.