Amazon aquires MGM Studios for $8.45 billion

[iDJ]

You know when will they add Vikings? After current deal with Netflix is over?

I don't know. But will makes sense to add after the rights with Netflix expires.

 

[Yashvardhan Jain]

Amazon is expected to win unconditional EU antitrust approval for its $8.5 billion buy of U.S. movie studio MGM, people familiar with the matter said, a move that is set to ramp up competition with streaming rivals Netflix and Disney+

The European Commission, which is scheduled to decide on the deal by March 15, declined to comment.

Amazon said: "Completion of the transaction is subject to regulatory approvals and other customary closing conditions, and we’re working with regulators to respond to requests."

The Federal Trade Commission is nearing a mid-March deadline to decide on the deal, according to a source familiar with the matter.

Amazon to get unconditional EU approval for $8.5 bn MGM buy: Report

Announced in May last year, the deal would also strengthen Amazon's video streaming service.

www.businesstoday.in

 

[Yashvardhan Jain]

Merged Successfully !!!!!!

Amazon and MGM announced that MGM has joined Prime Video and Amazon Studios. The storied, nearly century-old studio—with more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards—will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers.

MGM joins Prime Video and Amazon Studios

The storied, nearly century-old studio will complement Prime Video and Amazon Studios’ work. Together, the teams will provide more quality entertainment options for viewers.

www.aboutamazon.com

 

[vikhyath]

https://twitter.com/x/status/1504744417814536192

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