Now it's official: Amazon has closed the billion-dollar acquisition of MGM

Now it's official: Amazon has closed the billion-dollar acquisition of MGM

Now it's official

After a succession of rumors in recent months, the official has finally arrived: Amazon has definitively concluded the billionaire acquisition of MGM, the historic private film production company of the United States of America founded in 1924 under the leadership of Louis B. Mayer , which quickly became the most important Hollywood studio.

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Amazon has concluded billionaire acquisition of MGM



The announcement came through a joint press release that reads how the whole operation cost to Amazon a whopping 8.95 billion dollars. A huge figure that will allow the streaming giant to have at its disposal the largest cine-library in the world with over 4,100 titles, more than 10,400 episodes of television series not to mention that it has won 208 Oscars.

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The MGM catalog features great films such as the entire James Bond franchise, Rocky and Creed. The Company had already announced in 2020 that it intended to sell its properties and had laid off 7% of its staff. Apple and Netflix had also expressed strong interest in buying MGM, but have never officially commented.

This of Amazon is probably its most important operation after the purchase of the Whole Foods supermarkets for 13.7 billion dollars. We will see which new television and film projects it will decide to carry out following the historic announcement.

In the meantime, we remind you that in September the series The Lord of the Rings: The Rings of Power will arrive on Prime Video, preuel che will narrate all the most important events of Tolkien's Second Age: the forging of the rings, the rise of Sauron the Dark Lord, the epic story of Númenor and the Last Alliance between Elves and Men.