Amazon Reportedly Negotiating $9 Billion Deal to Acquire MGM
- 3 years ago
Amazon Reportedly Negotiating
$9 Billion Deal to Acquire MGM .
Industry sources have disclosed to ‘Variety’ that
Amazon is negotiating a deal to acquire MGM. .
The negotiations have reportedly
been in the works for weeks.
Sources also disclosed that MGM representatives
have been pushing a price tag of $9 billion. .
According to 'The Information,' Amazon’s potential deal
for MGM could run between $7 billion and $10 billion. .
Representatives for Amazon and MGM have
declined to comment on the matter.
MGM owns 4,000 film titles including the ‘James Bond’,
‘Hobbit’ and ‘Rocky/Creed’ franchises.
Their TV library includes an estimated 17,000 episodes
of programing including ‘The Handmaid’s Tale,’
‘Stargate SG-1,’ ‘Survivor’ and ‘The Voice.’.
Amazon’s media sector is a relatively small piece of
its empire but has been growing fast in recent years. .
In 2020, Amazon spent $11 billion on movies,
TV shows and music for its Prime services.
$9 Billion Deal to Acquire MGM .
Industry sources have disclosed to ‘Variety’ that
Amazon is negotiating a deal to acquire MGM. .
The negotiations have reportedly
been in the works for weeks.
Sources also disclosed that MGM representatives
have been pushing a price tag of $9 billion. .
According to 'The Information,' Amazon’s potential deal
for MGM could run between $7 billion and $10 billion. .
Representatives for Amazon and MGM have
declined to comment on the matter.
MGM owns 4,000 film titles including the ‘James Bond’,
‘Hobbit’ and ‘Rocky/Creed’ franchises.
Their TV library includes an estimated 17,000 episodes
of programing including ‘The Handmaid’s Tale,’
‘Stargate SG-1,’ ‘Survivor’ and ‘The Voice.’.
Amazon’s media sector is a relatively small piece of
its empire but has been growing fast in recent years. .
In 2020, Amazon spent $11 billion on movies,
TV shows and music for its Prime services.