Amazon bought Metro-Goldwyn-Mayer and all its content - James Bond films, Vikings, Fargo and The Handmaid's Tale

Amazon has announced the purchase of Hollywood film studio Metro-Goldwyn-Mayer (MGM).

Terms of a transaction

The purchase cost

Amazon at $8.45 billion. And it's Amazon's second-largest deal after its 2017 purchase of Whole Foods for $13.7 billion.

Let us remind you that the MGM studio has been operating since 1924.In 2010, she had to declare herself bankrupt, but after some time the studio announced its exit from bankruptcy. The search for potential buyers has been ongoing since the end of last year.

Under the terms of the deal, Amazon receives the right to allMGM content, which includes more than 4 thousand films and 17 thousand episodes of TV series. These include films about James Bond, “Rocky”, “The Silence of the Lambs”, “Rain Man”, “Terminator”, “Pink Panther”, the TV series “Fargo”, “The Handmaid’s Tale”, “Vikings”, “Stargate”.

With such a solid “collection,” Amazon will expand the library of its Prime Video service to compete with other streaming services.

“Amazon will help preserve the legacy and catalog of MGM films and provide consumers with greater access to existing works,” the company emphasized.