Amazon snaps up James Bond owner MGM for US$8.45 billion as streaming war heats up Toggle share menu Advertisement Advertisement Business Amazon snaps up James Bond owner MGM for US$8.45 billion as streaming war heats up :Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the "James Bond" franchise, for US$8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau