From PC Mag: Amazon is set to acquire media company MGM for $8.45 billion, in the process securing access to and control over thousands of movies and TV shows.
"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. It’s very exciting and provides so many opportunities for high-quality storytelling," said Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios.
And what a treasure trove it is, including movies such as Legally Blonde, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Tomb Raider, and of course the growing collection of James Bond movies. As far as TV series go, there's Fargo, The Handmaid’s Tale, Get Shorty, and Vikings, as well as a number of very popular unscripted shows.
"I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination," said Kevin Ulrich, Chairman of the Board of Directors of MGM.
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