Amazon Finalizes $8.45 Billion Acquisition of MGM, Bringing Thousands of New Films to Prime Video

[Tsing]

If you're a fan of Rocky, The Silence of the Lambs, GoldenEye, and other such film classics, Prime Video will be the place to be, as Amazon has confirmed that its acquisition of MGM is now complete.

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[Grimlakin]

Oh that's a rather big deal. Makes that few bucks more a month for prime seem worth while.

 

[Burticus]

Shocking that MGM is worth that much, they were bought and sold so many times in the 80's + 90's and swirling the bankruptcy toilet many times back in the 90's and 2000's.

edit - they did do chapter 11 in 2010 it turns out. https://en.wikipedia.org/wiki/Metro-Goldwyn-Mayer

Whomever convinced Lord Bezos that it was worth 8.5 billion bucks is one hell of a salesperson! I mean, Lucas sold off everything Star Wars to Disney for 4 billion.... you cannot convince me that MGM today is worth more than twice of the entire SW franchise. I know, back catalog, but still.