Connect with us

Business

Amazon rumoured to buy MGM Studios for $11 billion – NEWS.com.au

Amazon rumoured to buy MGM Studios for $11 billion

Published

on

Article feature image
ADVERTISEMENT

Amazon is in talks to buy famed movie studio MGM for a rumoured $11.5 billion ($US9 billion), according to a report in industry publication Variety.MGM is one of Hollywood’s oldest studios. It was established in 1924 and was also known as Metro-Goldwyn-Meyer Pictures. Variety reported late last year the company was exploring a sale.
MGM has a library of 4000 films and 17,000 episodes of TV, which makes it an enticing prospect for a streaming company from the tech sector looking to boost its archives…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Are Bega (ASX:BGA) shares a bargain right now?
Australians who skip second AstraZeneca vaccine are ‘almost wasting’ first dose, AMA warns – The Guardian