Amazon offers the Hollywood studio MGM

Amazon has just formalized the takeover of Metro Goldwyn Mayer, the Hollywood major with the famous roaring lion, for the astronomical sum of 8.45 billion. A major acquisition aimed at consolidating the company's position in the entertainment sector and fueling the catalog of its streaming service Prime Video.

Amazon enriches its Prime Video catalog with the takeover of MGM

After talks with Apple which ended in the ousting of its CEO, it is finally with the e-commerce giant that MGM concludes the deal. In a press release published today, Amazon announces indeed to have signed an agreement of buyout of Metro Golwyn Mayer for $ 8.45 billion, or an amount of 6.9 billion euros.

“MGM has nearly a century of cinematic history and complements the work of Amazon Studios, which mainly focused on the production of TV show programs. Amazon help preserve MGM's film heritage and catalog, and provide customers with better access to these existing works. " An acquisition which, according to the web giant, will allow MGM to "Keep doing what they do best: good storytelling" and Prime Video to enjoy the rights to exploit the huge catalog of the famous Hollywood studio.

Mike Hopkins, senior vice president of Prime Video andAmazon Studios, in particular specified that, for Amazon, “The true financial value of this deal is the treasure trove of intellectual property in the comprehensive catalog that we plan to reinvent and develop with the talented team at MGM. It's very exciting and offers plenty of high quality storytelling opportunities. " MGM has indeed a catalog of more than 4 films and 000 television programs who can claim to have won more than 180 Oscars and 100 Emmys Awards.

Rolland Garros on Prime Video

Amazon focus on entertainment

Amazon continues to develop its entertainment offer. After acquiring the broadcasting rights to the National American Football League (NFL) for 10 years at a rate of $ 1.2 billion per year, Jeff Bezos' firm has more recently set its sights on Roland-Garros which will be broadcast live on Prime Video in a few days.

The web giant is also spending more than $ 465 million on filming the first season of Lord of the Rings, series that she aspires to see triumph as much as Games of Thrones. A growing range of content that will delight all subscribers Amazon Premium and, in particular, users of Fire TV via its dongles Fire TV Stick or his box Fire TV Cube.

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