TechnologyAmazon snaps up James Bond owner MGM for $8.45 bln as streaming war heats up

Amazon.com Inc (AMZN.O) said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.

Link: https://www.reuters.com/technology/amazon-snaps-up-james-bond-owner-mgm-845-bln-streaming-war-heats-up-2021-05-26/