Amazon acquires MGM Studios in $8.45 billion deal

Amazon hopes to spur its entertainment division with the purchase of MGM, a massive entertainment publisher known for titles like “James Bond” and “Rocky.”

Amazon buys MGMAmazon buys MGM

Amazon Prime Video will be able to bolster its exclusive content package using the large back catalog of MGM. The $8.45 billion deal is its biggest purchase since Whole Foods in 2017.

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