Amazon acquires MGM Studios for $8.45 Billion
Amazon’s second-largest acquisition after the $14 Billion deal with ‘Whole Foods’
The deal adds content to Amazon Prime Video and a studio to produce more TV series and films.
MGM has more than 4,000 movies and 17,000 TV shows in its catalogue
Amazon will add MGM library favourites like ‘Pink Panther’ and ‘James Bond’ to its new originals
MGM will continue to operate as a label under the Amazon brand
The company aims to capitalise on the expansion of streaming services
