MGM Stock – Amazon is said to be in talks to buy MGM, the studio behind James Bond
Amazon.com Inc. is in discussions to buy MGM Holdings Inc, the studio behind the James Bond franchise, according to a report Monday by The Information.
A deal that could cost Amazon
from $7 billion to $10 billion, Information reported.
In addition to the Bond films, MGM owns an extensive library of movies and TV shows, including the “Rocky”, “The Terminator”, “The Handmaid’s Tale” and “Survivor” series.
had was previously rumored interested in buying MGM, already started officially looking for a sale last year năm.
An agreement with MGM would significantly support Amazon’s library of Prime video services and free IMDB streaming, and could signal a new round of consolidation in the entertainment industry, after mondayl between AT&T Inc.
and Discovery Inc.
to form a new company combining WarnerMedia and Discovery content.
MGM is owned by a group of private equity funds.
Amazon stock is flat for the time being, but is up 35% over the past 12 months.