Amazon and MGM officially announced a deal for US$ 8.45 billion.
Confirming the rumors that had been emerging for months and that had reached their peak in the last hours, Amazon and MGM officially announced an agreement for US$ 8.450 million this Wednesday by which the e-commerce giant will acquire the centennial film studio.
“Amazon will help preserve MGM’s film heritage and give customers greater access to its works. Through this acquisition, Amazon will empower MGM to continue doing what it does best: first-rate storytelling,” they highlighted from Amazon in a press release.
MGM’s vast catalog has more than 4,000 films, including titles such as 12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther and The Thomas Crown Affair; and 17,000 TV shows like Fargo, The Handmaid’s Tale, and Vikings.
“The true financial value behind this deal is the treasure trove of IPs in MGM’s deep catalog that we plan to reimagine and develop with their talented team,” said Mike Hopkins, SVP of Amazon Prime Video and Amazon Studios.
“The opportunity to align MGM’s history with Amazon is an inspiring combination,” said Kevin Ulrich, chairman of the MGM board of directors.