Media: Amazon Plans to Acquire Metro-Goldwyn-Mayer Film Studio
OREANDA-NEWS. Online retailer Amazon is currently in talks to buy American film studio Metro-Goldwyn-Mayer for approximately $ 9 billion. These plans are reported by the Financial Times, citing sources familiar with the situation.
In December, the media wrote that MGM Holdings, which owns the studio Metro-Goldwyn-Mayer, has begun the sale process, has chosen banks for this and is looking for buyers, and the value of these assets could reach $ 5.5 billion.
The newspaper notes that the news about the possible purchase of MGM by Amazon came in the context of consolidation in the sector - for example, a few years earlier the American telecommunications giant AT&T bought Warner Bros, and Disney acquired the key assets of the 21st Century Fox studio. Earlier, Universal went under the control of telecommunications Comcast, and Paramount went to Viacom.
Metro-Goldwyn-Mayer is an American film and video distribution company founded in 1924. The film library of the company includes more than 4 thousand films, including the famous films about James Bond, Rocky, The Pink Panther, Robocop, The Hobbit, the series Vikings and The Handmaid's Tale. The recognizable company logo is a roaring lion surrounded by films. Its subsidiaries are United Artists, Orion Pictures and others. MGM Holdings was founded in 2005.