PrimeVideo

MGM is now owned by Amazon

MGM is now owned by Amazon

JACLYN DIAZ | NPR.OrgTroy Warren for CNT #BusinessAmazon's nearly $8.5 billion deal to purchase the film and television studio MGM is official. The two companies announced Wednesday that MGM is now a part of Prime Video and Amazon Studios — cementing the merger that was first announced last May.This is the second-largest acquisition for Amazon after purchasing Whole Foods. The purchase of the movie and TV studio behind iconic films like the James Bond franchise, Rocky, The Silence of the Lambs and Legally Blonde is just the latest in big-name media and streaming-service mergers.Last year, AT&T announced a merger of…
Read More