Amazon Finalizes $8.45 Billion Acquisition of MGM, Bringing Thousands of New Films to Prime Video

In a move that will reshape the content industry, Amazon has announced an acquisition of the Hollywood movie studio MGM. The deal includes over 7,000 films and television shows from MGM’s library as well as more than 3,000 Digital HD titles. With this purchase—and huge investment in its own video streaming service Prime Video—Amazon is making itself one of Hollywood’s major players who can dictate what movies are produced or distributed by studios.

Amazon has finalized a $8.45 billion acquisition of MGM, bringing thousands of new films to Prime Video. The deal is expected to close in the coming weeks.

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If you’re a lover of classic films like Rocky, The Silence of the Lambs, GoldenEye, and others, Prime Video will be the place to be now that Amazon has completed its purchase of MGM. MGM’s enormous portfolio of material, which includes over 4,000 feature titles and 17,000 TV episodes, will be available on Amazon’s streaming service as part of the transaction. In May 2021, Amazon announced that it will purchase MGM for $8.45 billion.

Mike Hopkins, senior vice president of Prime Video and Amazon Studios, stated, “MGM has a nearly century-long tradition of creating excellent entertainment, and we share their dedication to providing a diverse slate of original films and television series to a global audience.” “We warmly welcome MGM staff, artists, and talent to Prime Video and Amazon Studios, and we look forward to collaborating to provide our consumers with even more high-quality storytelling.”

MGM’s renowned brands, legendary films and television programs, as well as our fantastic staff and creative partners, are all pleased to join the Prime Video family, said Chris Brearton, MGM’s chief operating officer. “MGM has produced some of the most well-known and highly acclaimed films and television programs of the twentieth century.” We’re excited to carry on that heritage as we enter the next phase, collaborating with the incredible team at Prime Video and Amazon Studios to provide the finest in entertainment to fans for years to come.”

MGM has joined Amazon Studios and Prime Video (Amazon)

The almost century-old studio’s efforts will complement those of Amazon Studios and Prime Video. The teams will work together to present viewers with additional high-quality entertainment alternatives.
MGM has a catalog of more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards, including franchise favorites such as James Bond, Rocky, and Creed, and classics such as Thelma & Louise, The Silence of the Lambs, The Magnificent Seven, and Raging Bull.
MGM has joined Prime Video and Amazon Studios, according to Amazon and MGM. With almost 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards under its belt, the nearly century-old company will complement Prime Video and Amazon Studios’ efforts to provide consumers with a varied range of entertainment options.

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