Amazon Signs Deal To Buy MGM – The Home Of 007

Amazon has acquired MGM, the studio behind James Bond, for $8.45bn.

The news was announced in a joint statement, hailing the deal as an opportunity to, “preserve MGM’s heritage and catalog of films”.

The statement added that the deal would “empower MGM to continue to do what they do best, great storytelling.”

Mike Hopkins, VP at Amazon, said: “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to re-imagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling.”

Iconic film’s such as James Bond, Rocky, Silence of the Lambs, Legally Blonde and Tomb Raider will now call Amazon home.

Several acclaimed television shows, like Vikings, Fargo and The Handmaid’s Tale, will also fall under Amazon’s ownership.

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