It is said that Amazon intends to buy MGM for $10 billion


Tencent technology news on May 18, people familiar with the matter disclosed on Monday that Amazon is in talks with MGM film company to acquire the well-known Hollywood film company. If the deal is successful, it will be Amazon’s biggest move into the entertainment industry.
MGM, founded in 1924, is one of the most famous film companies in Hollywood. It is also one of the symbols of American film and Hollywood. The company has made one of the most outstanding films in film history, gone with the wind, created the timeless James Bond series (007), created the immortal cartoon characters cat and mouse, initiated the establishment of the American Academy of Motion Picture Arts and Sciences, and so on. MGM can be traced back to the merger of Marcus Loew’s Metro film company and Hollywood legend Louis B. Meyer’s film company in the 1920s. MGM, while making excellent films such as Dr. Zhivago and 2001: a space odyssey, got out of financial difficulties in the second half of the 20th century. For decades, it was owned by time Inc., Ted Turner, founder of CNN, and Kirk Kerkorian, the late billionaire.
In addition to bond films, MGM also has a large library of films and TV series, including rocky series, terminator, maid’s story and survivor.
People familiar with the matter said Amazon would buy MGM for between $7 billion and $10 billion. The acquisition of MGM will help strengthen Amazon’s film studio and streaming services. The information said the status of discussions between Amazon and MGM is unclear and an agreement may not be reached. So far, both companies have not commented on the report.
At the end of last year, it was reported that MGM had hired a consultant to explore the issue of external sale, and Apple had intended to buy the film company. MGM also had discussions with apple and Netflix to stream James Bond’s new movie directly, but later said it would focus on showing it in cinemas.
At Amazon, long-time executive Jeff Blackburn will return to the company after leaving briefly to join Bessemer venture partner, a Silicon Valley venture capital firm. Blackburn will oversee Amazon’s entire entertainment division, including prime video, Amazon pictures and twitch, a video game streaming siteļ¼ˆ Tencent technology news / Wuji)