The deal is confirmed between Hollywood’s famous film company Metro-Goldwyn-Mayer (MGM) and Amazon. The deal will come into effect after the approval of regulatory bodies. According to media reports, Amazon has spent $ 8.45 billion on this deal. All MGM’s films and TV content, established by Marcus Loe and Lewis B. Mayer in 1924, will be owned by Amazon after the deal.
MGM is known for James Bond films. This film company has made all James Bond films since its inception. James Bond films have created a special place in the hearts of audiences around the world. The company has more than 4000 thousand movies and 17000 TV shows. MGM’s popular TV shows include great shows such as Fargo, The Handmaid’s Tale and Viking.
This is the first merger of two major companies in the entertainment world in the distribution phase of movies, web series and other content directly on OTT. Amazon has stated that the company promises that it will not only preserve MGM’s heritage and its list of films but these great works will now be made available to customers with better facilities.
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Amazon will continue to help MGM in film and show production even after this deal. The chairman of the studio’s Board of Directors, Kevin Ulrich, also expressed happiness over the deal, saying he was proud of MGM’s Lion, which has gone far beyond Hollywood’s Golden Age ‘. MGM has made many classic and successful films including James Bond series, 12 Angrymen, Basic Instinct, Rocky Silence of the Lamb.