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Amazon in Talks to Buy MGM

·2-min read

Dublin, May 25, 2021 (GLOBE NEWSWIRE) -- ResearchAndMarkets.compublished a new article on the entertainment industry "Amazon in Talks to Buy MGM"

Amazon is in talks to acquire Metro-Goldwyn-Mayer Studios, according to the Los Angles Times. MGM has been one of the main film studios for a century, and Amazon seeks to add its giant film library to its collection in order to keep Prime Video competitive with Netflix and Disney+.

Sources said the purchase price being discussed is within a range of $7 billion to $9 billion. If MGM does sell to Amazon, it would be a landmark deal for Hollywood, which is increasingly dominated by tech giants. Internet giants such as Amazon, Apple and Google parent Alphabet have long been speculated as potential buyers of a legacy movie studio.

MGM has been for sale since December. Smaller studios have struggled to remain competitive as larger players bulk up for the streaming wars. Lionsgate and others are consistently rumoured to be targets for acquisition.

The article on ResearchAndMarkets.com contains a selection of reports on entertainment such as:

  • Netflix: Losing Subscriber Momentum Before Reaching Scale at Which It Becomes Sustainably Cash Generative. Equity Worth Zero.

  • Global Digital Video Content Market: Growth, Trends, Competitive Landscape, and Forecasts

  • Media Box Market Report - Worldwide

To see the full article and a list of related reports on the market, visit "Amazon in Talks to Buy MGM"

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