Who will buy MGM Studios?

Amazon
Amazon is buying MGM Studios for $8.45 billion, the companies announced Wednesday, marking Amazon’s most ambitious move yet into the entertainment business. The deal is Amazon’s second-largest acquisition.

What happens if Amazon buys MGM?

With the new acquisition of MGM, Amazon could be tilting the scales in its favor by offering up original and classic content. It could raise its 200 million Prime subscribers even more.

Who is selling MGM to Amazon?

James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM. Metro-Goldwyn-Mayer, while diminished, commanded a premium price, with Amazon seeking to bolster its crucial Prime membership offering.

Why is Amazon buying MGM Studios?

Its biggest hits are all movies it acquired from other studios during the pandemic, “Coming 2 America,” “Without Remorse” and the “Borat” sequel. Amazon declined to comment on its plans for MGM. The company has said it bought the company because of its library, and plans to remake its titles at TV shows and movies.

Is Jeff Bezos buying MGM Studios?

The deal to acquire MGM is the biggest move yet by Amazon in Hollywood, as Jeff Bezos prepares to step down as Amazon CEO. Amazon’s agreement to acquire MGM for $8.45 billion has all the makings of a great script, combining a Hollywood icon with an Internet powerhouse.

Is MGM up for sale?

MGM, the Hollywood studio behind the James Bond and Rocky franchises, is up for sale with a price-tag of more than $5bn (£3.75bn). MGM owns a library of 4,000 film titles and 17,000 hours of TV programming, from Gone with the Wind and The Hobbit to TV hits such as The Handmaid’s Tale.

Who now owns MGM?

MGM Holdings
Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer/Parent organizations

What happened to MGM Studios?

At the close of business on January 6, 2008, the Walt Disney World Resort theme park known as Disney-MGM Studios officially shut its doors after almost a decade of operation. Fans didn’t have to worry too much, however, as the park would reopen the next morning under its new name, Disney’s Hollywood Studios.

Who just bought the MGM?

Real estate investment trust Vici Properties is acquiring MGM Growth Properties in a $17.2 billion deal that will likely make the casino owner the largest landowner on the Las Vegas Strip.