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Amazon buys MGM in Rs1,307b media deal


Amazon buys MGM in Rs1,307b media deal
National
May 27, 2021
NEW YORK: Amazon is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most iconic movie studios in Hollywood. The deal, which is valued at $8.45 billion (Rs1,307 billion), gives Amazon an extensive library of film and TV shows that it can use to fill out its Prime Video content coffers. MGM has a catalog with more than 4,000 films and 17,000 TV shows, according to Mike Hopkins, who heads Prime Video and Amazon Studios. The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM s talented team. It s very exciting and provides so many opportunities for high-quality storytelling, he added. CEO Jeff Bezos said that Amazon is really excited about MGM during the company s annual shareholder ....

United States , James Bond , Mike Hopkins , Jeff Bezos , Prime Video , Amazon Studios , ஒன்றுபட்டது மாநிலங்களில் , ஜேம்ஸ் பத்திரம் , மைக் ஹாப்கின்ஸ் , ப்ரைம் காணொளி , அமேசான் ஸ்டுடியோக்கள் ,

Tech M&A in Asia at record high, main deal driver in the region - industry data


Tech M&A in Asia at record high, main deal driver in the region - industry data
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Business
Tech M&A in Asia at record high, main deal driver in the region - industry data
Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific, Dealogic data shows, and dealmakers expect this M&A pace to continue as the pandemic spurs a shift toward virtual activities in the economy.
FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga
27 May 2021 01:50PM ....

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