Amazon and MGM Deal: Amazon will soon buy the “James Bond” MGM company. An agreement has also been signed between the two companies. The deal is worth $8.5 billion. MGM has been in the business of making movies for almost a century.
MGM Studios was founded by Marcus Loew and Louis B. Mayer on April 17, 1924, almost 97 years ago. Amazon is going to make this company even stronger after buying this company. At the same time, Amazon will try to manage MGM’s legacy and wealth.
AT&T, the world’s largest telecommunications company, has announced that it will bring WarnerMedia with Discovery to create a new media company. And will compete with major streaming platforms like Netflix.
MGM, Metro Goldwyn Mayer’s library has over 4000 films. These include 12 Angry Young Man, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poultryist, Raging Bull, Robocop, Rocky, Silence of the Labs, Stargate, Thelma & Lewis, Tomb Rider, The Magnificent Sevens, There are movies like The Thomas Crown Affair. In addition, there are more than 17,000 TV shows.