The American based technology company Amazon is in talks to acquire MGM studios for $9 billion which would improve Amazon’s streaming media.
This purchase by Amazon would mark a major step for its Prime streaming service.
MGM Studios which offers a huge catalogue of films and television shows which covers the last ten decades through the Golden Age of Hollywood to the present day.
It is reported that MGM has a library of 17,000 hours of TV and 4000 films. Amongst all this content, the James Bond franchise is the most valuable of all.
About MGM Studios
The American media company Metro-Goldwyn-Mayer Studios formed in 1924 which was primarily involved in production and distribution of feature films and television programs. One of the world’s oldest film studios.
The company was created by Marcus Loew when he got control of Goldwyn pictures and Metro pictures. The company grew and became one of the “big five” film studios of Hollywood. The studio’s build a stable of stars under contract,
MGM’s motto was to get “more stars than there are in heaven”.
About Amazon Prime
Amazon is the parent company of Amazon Prime which is a paid subscription program which is available in various countries the services include delivery of goods, streaming video, music, e- books, gaming and grocery shopping services.
By the month of April 2021, it was reported by Amazon that it had more than 200 million subscribers spread over 19 countries world wide.
It was in the year 2005 Amazon announced that Amazon Prime as a member service in USA.
