Amazon closes $8.5 billion deal to acquire MGM
CNN
James Bond is now an Amazon employee. The tech giant has closed its $8.5 billion deal to acquire MGM, the home of the Bond franchise and one of the most iconic movie studios in Hollywood history, Amazon announced Thursday.
The tech giant has closed its $8.5 billion deal to acquire MGM, the home of the Bond franchise and one of the most iconic movie studios in Hollywood history, Amazon announced Thursday.
The move looks to bolster the company's position in the entertainment world while giving its streaming service, Amazon Prime Video, even more content to fill its already extensive library. This should help Amazon challenge rivals such as Netflix (NFLX) and Disney+ in the hyper competitive streaming market.
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