{"id":6085,"date":"2021-05-27T09:10:33","date_gmt":"2021-05-27T13:10:33","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=6085"},"modified":"2021-08-03T11:05:15","modified_gmt":"2021-08-03T15:05:15","slug":"amazon-buys-mgm-studios-for-8-45-billion","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/amazon-buys-mgm-studios-for-8-45-billion\/","title":{"rendered":"Amazon Buys MGM Studios For $8.45 Billion"},"content":{"rendered":"\n<p>Amazon recently signed an $8.45 billion deal to buy American media company Metro-Goldwyn-Mayer (MGM).<\/p>\n\n\n\n<p>MGM has been up for sale for months and several outlets were reporting progress, which ultimately led the two companies to seal the multibillion-dollar deal.<\/p>\n\n\n\n<p>Amazon believes MGM&#8217;s goldmine lies in its intellectual property, which it will use to produce new content.<\/p>\n\n\n\n<p>The deal will not only bolster Amazon Prime Video with new programming from MGM&#8217;s long history but will also help give Amazon&#8217;s existing original production arm, Amazon Studios, a big boost.<\/p>\n\n\n\n<p>Commenting on the deal, Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios, said in a press release: &#8220;The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM&#8217;s talented team. It&#8217;s very exciting and provides so many opportunities for high-quality storytelling.&#8221;<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.cnet.com\/news\/amazon-buys-mgm-setting-prime-video-up-for-a-james-bond-rocky-infusion\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in CNET.<\/p>","protected":false},"excerpt":{"rendered":"<p>Amazon buys MGM studios for $8.45 billion dollars.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[212],"class_list":["post-6085","post","type-post","status-publish","format-standard","hentry","category-companies","tag-amazon"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=6085"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6085\/revisions"}],"predecessor-version":[{"id":6106,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6085\/revisions\/6106"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=6085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=6085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=6085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}