Amazon buys MGM Studio for about US $ 9B – National

Amazon Inc. Wednesday said buying MGM, Home of the disabled American movie studio James Bond The franchise, for $ 4.55 billion, offers a huge library of movies and TV shows, increasing competition from streaming rivals led by Netflix and Disney +.

The privately held MGM, or Metro Goldwyn Mayer, was founded in 1924, and owns the Apex Cable Channel and includes popular TV programs. Fargo, Vikings And Shark Tank.

“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to redesign and develop with MGM’s talented team. Said the senior vice president of the studio.

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Amazon’s Prime Video faces a long list of competitors, including Netflix Inc., Walt Disney’s Disney +, HBO Max and Apple Inc.’s Apple TV. Companies are increasing and expanding their spending in the international market, with epidemics aimed at capturing Pali’s bipartisan online viewing program.

Broadcast streaming services are also fast for brands that they can expand and are libraries of older programs and movies. Analysts say the brief hiatus during the epidemic is a major impetus for the next phase of consolidation of media assets.

Understanding this trend, AT&T Inc. last year announced a aming 1 billion streaming deal to spin its WarnerMedia business and merge it with Discovery Inc., one of the most ambitious yet in the streaming era.

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