Amazon reached an agreement to acquire the television and film organization MGM for $ 8.45 billion, the organizations reported today. It’s a huge achievement for the internet business giant, and it means that it will have a content library estimated to comprise around 4,000 movies and 17,000 hours of television. The underwriting will likely help Amazon remove Prime supporters at a bigger expense, as its Prime Video management rivals any resemblance to Netflix and Disney Plus.
MGM is perhaps generally surprising for being the Hollywood studio behind the James Bond and Rocky establishments, yet its library ranges from exemplary movies like 12 Angry Men to current TV shows like The Handmaid’s Tale and Vikings. MGM’s library also incorporates unscripted television shows such as The Voice and Shark Tank. Amazon says the acquisition “will provide customers with more remarkable access” to MGM’s works and “allow” the studio to continue its “incredible storytelling.”
The genuine monetary value behind this deal is the mother lode of intellectual property in the deep list that we plan to reconsider and nurture together with the MGM talent pool, ”said Mike Hopkins, senior vice president of Prime Video and Amazon Studios, in a joint. “It’s exceptionally energizing and provides countless freedoms for great storytelling.”
Amazon’s media business so far has been a moderately small part of its overall dominance, despite the fact that it actually burns billions in content each year. A considerable part of the followers of Prime uses the free Prime Video included in the web. Of the 200 million or more people in total who are currently shopped on Amazon Prime, more than 175 million transferred videos a year ago. Adding thousands of additional movies and TV shows could help both figures.
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