Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017
- Amazon is buying MGM Studios, the companies announced, marking Amazon's most ambitious move yet into the entertainment business.
CNBC Annie Palmer
Related Coverage
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- Amazon and MGM have signed an agreement for Amazon to acquire MGM Amazon.com, Inc.
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Discussion
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@digitalshields
Mike Shields
on x
No Time to Die. Or to Pee.
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@brianstelter
Brian Stelter
on x
Amazon exec Mike Hopkins: “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.” He cites “so many opportunities for high-quality storytelling.” https://www.cnn.com/...
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@kcoxdc
Kate Cox
on x
I, too, love to announce major acquisitions that will trigger antitrust scrutiny the day after I've been sued for antitrust violations. https://www.protocol.com/...
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@markdistef
Mark Di Stefano
on x
“It is the first time a major tech company has bought a Hollywood studio, signaling starkly how the push into video streaming is shaking up the Hollywood landscape. The Information broke news of the talks last week.” https://www.theinformation.com/ ...
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@loudmouthjulia
Julia Alexander
on x
Amazon bought MGM for nearly $9 billion. What does that mean for MGM (and James Bond), what does it mean for Amazon, and what does it mean right now, with Amazon at the center of antitrust concerns? https://www.ign.com/...
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@geronimo_73
Roberto Serrano
on x
Amazon and MGM have signed an agreement for Amazon to MGM for a purchase price of $8.45 billion Catalog includes over 4,000 beloved film titles and 17,000 TV shows, including thousands of fan favorites like The Handmaid's Tale, Fargo, and Vikings > https://press.aboutamazon.com/ …
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@jeremyhobson
Jeremy Hobson
on x
I was just thinking that Amazon should definitely get bigger and more powerful than it already is. https://twitter.com/...
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@erikdavis
Erik Davis
on x
It's all about that IP... “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.” https://twitter.com/...
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@pkafka
Peter Kafka
on x
Why Amazon is paying $9 billion for MGM and James Bond https://www.vox.com/... Thing I didn't get into in this story: One reason Amazon is buying now, after looking earlier, is that MGM has cleaned itself up, and isn't weighed down by long-term deals to other distributors.
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@andybeard
Andy Beard
on x
James Bond's new gadgets will be a Kindle and Echo, MI6 will have a Ring doorbell https://www.techmeme.com/... via @rustybrick
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@jonerlichman
Jon Erlichman
on x
Amazon's biggest acquisitions: 1) Whole Foods: $13.7 billion 2) MGM Studios: $8.45 billion 3) Zappos: $1.2 billion 4) Zoox: $1.2 billion 5) PillPack: $1 billion 6) Ring: $1 billion 7) Twitch: $970 million 8) Kiva Systems: $775 million 9) Quidsi: $545 million
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@rustybrick
Barry Schwartz
on x
Amazon Prime Video just got better? https://twitter.com/...
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@thedomino
Dominic Chu
on x
As if I needed any more reasons to pay for an Amazon Prime membership... https://www.cnbc.com/... $AMZN (via @annierpalmer @cnbc)
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@carnage4life
Dare Obasanjo
on x
Amazon buying MGM is at least complimentary to their existing business given Prime Video compared to AT&T + Warner Media or Verizon + Yahoo/AOL which weren't. Key question is if they'll raise price from $8.99/month or if this is just to stay competitive? https://www.cnbc.com/...