After months and weeks of speculation, Amazon and MGM are merging in a deal that has the e-commerce giant acquiring the storied studio $8.45 billion.The announcement this morning noted MGM’s nearly century-long history of filmmaking and said it complements complements the work of Amazon Studios, which has mostly focused on television production. “Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works.
Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling,” the Jeff Bezos-founded company said.“MGM has a vast catalog with more than 4,000 films—12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde,
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