Connect with us

Business

Amazon rumoured to buy MGM Studios for $11 billion – NEWS.com.au

Amazon rumoured to buy MGM Studios for $11 billion

Published

on

Article feature image

Amazon is in talks to buy famed movie studio MGM for a rumoured $11.5 billion ($US9 billion), according to a report in industry publication Variety.MGM is one of Hollywood’s oldest studios. It was established in 1924 and was also known as Metro-Goldwyn-Meyer Pictures. Variety reported late last year the company was exploring a sale.
MGM has a library of 4000 films and 17,000 episodes of TV, which makes it an enticing prospect for a streaming company from the tech sector looking to boost its archives…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Crypto massacre: Savage move from China cripples bitcoin and doge – NEWS.com.au
Article feature image
Bitcoin forms ‘death cross’ as selloff shows no sign of reprieve – Sydney Morning Herald