News

Amazon to acquire MGM studios

Calum Jaspan

May 27, 2021 10:45

Amazon and Metro-Goldwyn-Mayer (MGM) have announced a merger agreement, in which Amazon will acquire the studio for a price of US$8.45 billion (A$10.9 billion).

A statement from Amazon said that MGM’s filmmaking history “complements the work of Amazon Studios, which has primarily focused on producing TV show programming”.

The deal will see an integration of MGM’s content onto Prime Video, with Amazon affirming its intention to “preserve MGM’s heritage and catalogue of films, and provide customers with greater access to these existing works”.

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Calum Jaspan was news editor at Mumbrella, based in Melbourne. He was also the producer and host of the Mumbrellacast. He left Mumbrella in May 2023.

Topics

Amazon MGM Prime Video

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