Sunday, November 27, 2022
Sunday, November 27, 2022

    Amazon closes acquisition of MGM in blockbuster $8.54 BILLION deal: Tech giant will now own rights to $7B James Bond franchise and other classics

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    Amazon has closed on its $8.45 billion purchase of Metro-Goldwyn-Mayer, buying the rights to some of the production company’s iconic stable of films that includes the Rocky and James Bond franchises, Your Content has learned.

    The Seattle-based e-commerce company announced it closed the buy Thursday.

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    The merger ran through a regulatory waiting period at the deadlocked FTC.

    Amazon will now own MGM’s post-1986 catalog everything created before is owned by Warner Bros.

    MGM recently produced House of Gucci and the Aretha Franklin biopic Respect.

    The deal has attracted criticism due to Amazon’s growing influence and power.

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    A screenwriter for the James Bond franchise criticized the deal last year,‘according to The Daily Mail.

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