Amazon reportedly in talks to buy MGM, the movie studio behind James Bond

Dow Jones2021-05-18

A deal would bolster Amazon's streaming library, and with AT&T-Discovery deal could signal new wave of consolidation

Amazon.com Inc. is in discussions to buy MGM Holdings Inc, the studio behind the James Bond franchise, according to a report Monday by The Information.

A deal could cost Amazon $(AMZN)$ between $7 billion and $10 billion, The Information reported , citing a person familiar with the situation, noting that the status of discussions is unknown and no deal may come of them.

Besides Bond movies, MGM owns an extensive library of movies and TV shows, including the "Rocky" franchise, "The Terminator," "The Handmaid's Tale" and "Survivor."

Apple Inc. $(AAPL)$ had previously been rumored .

An MGM deal would significantly bolster Amazon's library for its Prime Video and free IMDB streaming services, and could signal a new round of consolidation in the entertainment industry, following Monday's dea to form a new company combining WarnerMedia and Discovery content.

MGM is owned by a group of private equity funds.

Amazon shares are about flat year to date, but up 35% over the past 12 months.

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Comments

Skyyyyyyyy
2021-05-18
Skyyyyyyyy
Go Amazon
DericPiew
2021-05-18
DericPiew
Ok
Anderr
2021-05-18
Anderr
Riseeee
Priscyn
2021-05-18
Priscyn
world domination in the making
1Man2Stonks
2021-05-18
1Man2Stonks
Nice
- 1Man2Stonks:
  yeah moon soon
- Skyyyyyyyy:
  To the moon
AminB
2021-05-18
AminB
Like and comment pls
- ckww:
  Ok

Leave a comment

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