'Streaming Wars' rage on as Amazon buys MGM for $8.45 billion, what this means for consumers

'Streaming Wars' rage on as Amazon buys MGM for $8.45 billion, what this means for consumers
MGM's catalogue includes the James Bond franchise, Rocky, and more than 4,000 movies and 17,000 shows.
Author: Gordon Severson
Updated: 7:30 PM CDT May 26, 2021
Amazon is proving it's a lot more than a company that knows how to sell and ship everything from clothes to cookies.
On Wednesday the company announced a huge move to build on its position in the entertainment world.
The company snatched up MGM Studios for more than $8 billion.
The deal is the second-largest purchase in Amazon's history.
The largest was buying Whole Foods.

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