Amazon in talks to acquire MGM studios

Amazon is in talks with acquire the MGM studios, which would reinforce the US tech giants’ ambitions in streaming media with James Bond, Rocky and other film franchises, media reports said Tuesday.

The deal could value the storied Metro Goldwyn Mayer name at between $5 billion and $10 billion, as indicated by the New York Times, The Information and other media.

Amazon, whose Prime Video is used by about 175 million individuals around the world, would gain MGM’s 4,000 title index including the Bond deal, Pink Panther and Legally Blonde, alongside a variety of TV programs.

A deal would mark one more change in possession for MGM, established in 1924 and one of the major studios of Hollywood’s golden age.

The discussions come amid of a fast-evolving media scene progressively overwhelmed by streaming giants like Netflix, a pattern which has sped up during the Covid pandemic.