Driving Amazon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Talent that can create future shows based off of that, this seems like a recipe to really bolster amazon's presence in hollywood. >> what is next for them? you look at hollywood. mgm. they have "the washington post." they have whole foods, thinking biggest acquisition to date. what's the next step? >> that's a great question. look, i think -- [ no audio ] i think they're going to be fine in that regard. jeff bezos has more money than god. i think any business where he sees a competitive advantage for the core business of amazon prime -- >> live there recording on the latest from jeff bezos. th...

It seems very clearly aimed at helping to grow amazon's footprint in entertainment and boost its own film and tv division. is this not one more step in what seems to be amazon's world takeover? >> yeah, it is. the sky is the limit in terms of what kinds of businesses amazon wants to get into. the hollywood piece of it is very important for them. they see it as key to driving amazon prime subscriptions. basically, you buy a studio like this, you create a real presence in hollywood. you have an additional pull for consumers to sign up for amazon prime instead of a service like walmart. they have...

[sizzling] i may not be able to tell time, but i know what time it is. [whispering] it's grilled cheese o'clock. some of us wake up on a wednesday morning and spend a few bucks on a coffee or maybe a few more on gas. jeff bezos has spent $8.5 billion to buy the most iconic movie studio. amazon set to add mgm to its portfolio.