'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.