NEW YORK: Amazon is close to getting Hollywood studio MGM. The worth of this agreement, which is anticipated to be concluded as soon as this week, is currently pegged at nearly $9 billion, The Wall Street Journal reported Monday, quoting people knowledgeable about the issue. Last week, The New York Times had reported this, in the event the discussions to get MGM were powerful, the arrangement could turbocharge Amazon’s streaming ambitions by attracting James Bond, Rocky, RoboCop and other movie and television properties to the e-commerce beast’s fold. MGM was on the lookout for a customer for decades. Apple and Comcast had decided it was worth nearly $1 billion. The buy of Whole Foods for about $13.4 billion in 2017 has been the largest purchase in Amazon’s history. $6 billion will create MGM the second largest. In absolute, MGM has roughly 4,000 movies in its library, but a lot of its characters (the Pink Panther, Chucky the doll) and franchises (‘Legally Blonde’,’Tomb Raider’) require reinvention. However, the studio features a compelling collection of new movies on its own assembly line. They comprise’Respect’, an Aretha Franklin biopic starring Jennifer Hudson; Ridley Scott’s’House of Gucci’, starring Lady Gaga along with Adam Notebook; a animated’Addams Family’ picture; and also a movie directed by Paul Thomas Anderson starring Bradley Cooper.
Amazon nears deal to Get MGM for about $ 9 billion: Report
