Amazon in talks to acquire movie studio MGM for $9 Billion


What is the news ?

Amazon is in talks to acquire the iconic US movie studio MGM for about $9 billion . The status of Amazon's discussions with MGM is unclear, as per the report.

Some sources claimed that the Amazon-MGM deal could be worth about $5 billion (roughly Rs. 36,530 crores). The Information was the first to bring word of the acquisition talks.


Takeaway

MGM, the storied Hollywood company behind the James Bond series, would help bolster Amazon’s Prime streaming service.

The movie studio behind the James Bond franchise, also owns the Epix cable channel and makes TV shows, including popular shows like The Handmaid's Tale, Fargo, Vikings, and Shark Tank.

Amazon and MGM both declined to comment on the development.

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