Amazon is near to make a deal to obtain MGM Studios, the James Bond franchise’s co-owner, TV series, and the rest of all films for between $8.5 billion to $9 billion, people get familiar with this matter. It is expecting that this deal is going to be declared as soon as Tuesday. People’s names are not revealed because the conversation that happened was private.
If it happens then it would be called Amazon’s highest acquisition since after it had bought entire Foods in 2017 for $13.7 billion. In early Monday, the Wall Street Journal reported that the most eagerly waiting deal could be declared this week. Amazon shows more interest in purchasing more film content and TV series for its Prime Video service in order to compete with its rival Disney, Netflix, and other online video streaming platforms. MGM is common to fit all streaming platforms due to its wide vista of content.
The private organization MGM, has been looking for a buyer for multiple years. Its owners are Highland Capital Partners, Anchorage Capital, Davidson, Solus Alternative Asset Management, Kempner Capital Management, and Owl Creek Investment. These are the funds that perceived control over this studio when it rose from bankruptcy in 2010.
MGM possesses a wide number of TV and movie franchises, including Legally Blonde, Stargate, Rocky, and The Pink Panther. It also has a studio that earned the latest hit TV shows including “Fargo” and “The Handmaid’s Tale”. Moreover, MGM also owns various famous reality TV shows like “The Real Housewives”, “Shark Tank”, “The Voice”, and “Survivor”. However, the representatives of Amazon and MGM were not instantly available to comment.
