The move will allow Amazon to leverage MGM's catalog of more than 4,000 film titles and 17,000 TV episodes, including franchise favorites such as "James Bond," "Rocky" and "Creed," and classics such as "Thelma & Louise," "The Silence of the Lambs," "The Magnificent Seven" and "Raging Bull."
"MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience," Amazon Studios and Prime Video senior vice president Mike Hopkins said in a"We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers.
Amazon's $8.45 billion acquisition of MGM closed without challenge from the Federal Trade Commission. "Amazon has a well-documented history of leveraging its dominance in e-commerce to gain market share in vertically-adjacent markets using a range of unfair and anticompetitive practices," the group"Amazon’s current practices in SVOD and related markets – including leveraging e-commerce power to build SVOD market share, offering Prime video at below market prices, and exclusionary use of its dominance in the streaming device and cloud computing markets – already raise serious...
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