Amazon is currently in talks to acquire MGM for about $9 billion. The news comes from Variety and The Information, which explained that the deal would allow the world’s biggest etailer to roll iconic franchises such as James Bond, Rocky/Creed, and RoboCop into its growing streaming service, Prime Video. MGM also has an immense TV library comprising 17,000 episodes of programming.
Amazon is weeks into negotiations on a deal to acquire MGM for about $9 billion, according to industry sources. https://t.co/6WF1tLd1yh
— Variety (@Variety) May 17, 2021
Amazon currently has more than 200 million Prime members worldwide, and Jeff Bezos recently told investors that 175 million of those streamed Prime Video content in the past year. The company clearly wants to turn Prime Video into an even bigger habit for customers worldwide — and a quick way to do that would be to stir MGM’s extensive library of titles into the mix.
Sources: Variety, The Information