Amazon Buys MGM for $8.45 Billion
Amazon Buys MGM for $8.45 Billion Share Amazon Buys MGM for $8.45 Billion Amazon has reached a deal with MGM, purchasing the struggling studio for $8.45 billion, gaining the rights to James Bond and Rocky among others. Rocky and James Bond. Talks have been escalating between Amazon and Metro-Goldwyn-Mayer Studios Inc. for the last few weeks which has concluded in a billion-dollar deal, meaning that the likes of 007 will now fall under the Amazon umbrella. "Amazon will help preserve MGM's heritage and catalog of films, and provide customers with greater access to these existing works. Through...