Amazon All Set To Acquire MGM

Amazon is seeking to acquire MGM which will be valued between $7 billion and $10 billion, says The Information, mentioning someone acquainted with the situation.

MGM, recognized for its iconic emblem of a roaring lion, owns the James Bond franchise, titles like Rocky and Pink Panther, in addition to the Epix cable channel. The company additionally co-produces The Handmaid’s Tale and famous truth indicates like Shark Tank and Survivor.      

Amazon has been scouting a massive amusement buy for years in keeping with numerous sources. In 2018, Amazon become interested in shopping for Landmark Theaters, in keeping with Bloomberg. Last yr, the tech large become looking to buy AMC Theaters.

E-commerce innovation in India: how localization is fueling Amazon's growth  | The Drum

However, sources factor out that buying a studio could be greater useful than a theater chain for Amazon as they could permit the studio’s TV indicates and movies to roll out on Amazon Prime Video.

The reviews of the viable buy come because the streaming panorama is heating up. On Monday, AT&T announced it might spin off WarnerMedia to be mixed with Discovery, and Netflix is making an investment billions greater into its very own library of films and indicates.

Amazon additionally stated an increase in its modern profits report: Prime Video now has over two hundred million paid subscribers and streaming hours had been up greater than 70% considering that a yr ago.    

Amazon did now no longer reply to requests for remark and MGM couldn’t be reached, in keeping with CNN. 

Also Read: Bitcoin Fluctuate As Musk Comments


The Entrepreneurs Diaries is now available on Telegram. Join our telegram channel to get instant updates from TED.

+ posts

Wall Street Journal Bestselling Author
Workplace Loneliness Expert
World-Renowned Generations & Future of Work Speaker

Subscribe

Related articles

Entrepreneur’s Diaries – 30 Under 30: Submit Yourself To Be Considered For The Class Of 2023

Nominations are now being accepted for the Class of 2023; if you know of an outstanding professional or entrepreneur in any of our 21 categories, please have them submitted to us by December 15, 2022.

Chatting With Comedian-Turned-Author Madison Malloy About Her First Published Book

We had the opportunity to interact with comedian turned author Madison Malloy about her journey from being a popular comedian to self-published author. She has published a new book titled “TIME TO LIGHTEN THE FUCK UP.” Below is the interview we are sharing with you in this article.

Here Are 7 Resume Blunders To Avoid At All Costs:

If You Don't Have An Interesting Resume That Highlights All Of Your Relevant Talents, You Might As Well Give Up Looking For Work Because You Won't Get Very Far.

5 Tips To Become A Better Listener At Work

There's A Solid Psychological Explanation For Why Some People Talk Too Much: It's In Their Nature.