Friday, 24 March, 2023

Amazon’s second-largest buy is MGM for $8.45bn

<p>After Wholefoods, the deal to acquire MGM for $8.45bn is Amazon&#39;s most expensive buy to date. The deal will help Amazon&#39;s Prime video to add a collection of 4000 films and 17,000+ TV shows. MGM will help Amazon compete with its rivals Netflix, Disney+ as it will give them popular content that lasts longer. MGM compliments the work of Amazon studios as the main focus is on producing TV show programming rather than original feature films.</p>