Amazon just got big to bigger – the company acquired the film and TV company MGM for $8.45 billion, a big move by Amazon and MGM.
Following this significant acquisition, we can expect Amazon to have its own library of content, which is expected to consist of about 4,000 films and 17,000 hours of TV. This acquisition will help Amazon attract more Prime subscribers.
We all know MGM is most famous for being the Hollywood studio behind many blockbusters, including the James Bond and Rocky franchises, classic films like 12 Angry Men, modern TV shows like The Handmaid’s Tale and Vikings.
Following this acquistion, Mike Hopkins, senior vice president of Prime Video and Amazon Studios, said in a statement:
The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,
It’s very exciting and provides so many opportunities for high-quality storytelling.
Research Snipers is currently covering all technology news including Google, Apple, Android, Xiaomi, Huawei, Samsung News, and More. Research Snipers has decade of experience in breaking technology news, covering latest trends in tech news, and recent developments.
After Windows Patch Day in July 2026, reports of problems with the Windows Server Update…
The payment service provider PayPal is apparently facing a large-scale takeover. Two investors have submitted…
A new mod for GTA San Andreas lets players play two older parts of the…
With the increasing spread of autonomous robotaxis, not only the technical capabilities of the vehicles…
From 2028, electric car drivers in the UK will have to pay a distance-based levy.…
Shortly before the next Unpacked event on July 22nd, official promo images of the new…