AMAZON OFFICIALLY CLOSES MGM ACQUISITION DEAL

Amazon’s acquisition deal of MGM has officially closed at $8.5 billion USD. The deal was originally announced last May as shared by Amazon, “The storied, nearly century-old studio — with more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards — will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers.”

“MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience. We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers.”, Mike Hopkins, senior VP of Prime Video and Amazon Studios shared in a statement.