Friday, May 24, 2024

Amazon Offering $9 Billion for MGM

On the heels of news Amazon was in talks to acquire MGM, a new report says the offer on the table is $9 billion.

Amazon is already one of the leading streaming platforms, thanks to its Prime Video service being bundled with its Amazon Prime package. Nonetheless, the company has enjoyed critical and popular success with shows like Bosch and The Man in the High Castle. Reports emerged yesterday that Amazon was in talks to purchase MGM in an effort to boost its content catalog even more.

According to a new report by Variety, Amazon is offering $9 billion to make the deal happen. MGM was reportedly looking for a buyer as early as December, but Amazon has emerged as the front-runner among possible suitors.

MGM has an extremely deep movie catalog, boasting the James Bond franchise, Hobbit, the Rocky/Creed franchise, The Silence of the LambsThe Magnificent Seven and Four Weddings and a Funeral. It’s TV catalog includes the Stargate franchise, FargoVikingsAmerican Gladiators and more.

A successful deal would be a major win for Amazon and give it a leg up in the streaming wars.

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