In one of the biggest recent media deals, MGM and all its properties have gone to the online giant. We've known that Metro-Goldwyn-Mayer, a long-standing but smaller Hollywood studio by today's telecommunication standards, has been on the bubble and aiming to sell for months. We also knew about a week ago that Amazon was looking hard at the studio and its library of content. Well, that deal became official this morning, with Amazon and MGM formally arriving at a merger agreement and a price of $8.45 billion. MGM not only holds the rights to big film franchises like James Bond, Rocky, The Pink Panther, and the Legally Blonde titles, but also the studio's popular TV properties like Fargo and The Handmaid's Tale. Read More...
Published By: NoFilmSchool - Wednesday, 26 May, 2021