Amazon has completed the $ 8.45 billion acquisition of MGM Studios, dramatically boosting Prime Video’s firepower.
Amazon completed the $ 8.45 billion acquisition of MGM Studios, thereby boosting its production of films and TV series. The operation was made official in these hours and therefore there was no resistance from the Federal Trade Commission, while the European Union Antitrust had given its approval earlier this week, as “the transaction does not raise competition problems “.
MGM, which stands for Metro Goldwyn Mayer, has a catalog of over 4,000 films, 17,000 episodes of TV series and shows. It boasts 180 Academy Awards and 100 Emmy Awards, counting on famous brands such as James Bond, Rocky, The Addams Family, and many more.
Amazon has therefore secured a significant number of successful intellectual properties, as well as talented teams for the creation of new productions, which will enhance the Prime Video offer for subscribers and therefore compete with Netflix, HBO Max, and Disney+.
” MGM has a nearly century-old legacy of entertainment production and we share their commitment to providing a broad roster of original movies and TV shows to a global audience, ” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. , commenting on the acquisition. ” We welcome MGM employees, creators and talent to Prime Video and Amazon Studios and look forward to working together to create even more opportunities and deliver quality storytelling to our customers. “