MGM purchase to boost Amazon's streaming services

By Agence France-Presse

May 28, 2021 12:46 am

PALO ALTO: Amazon has agreed to buy the storied MGM studios for $8.45 billion, the companies said on Wednesday, giving the US tech giant a vast content library to further its ambitions in streaming.

The deal bolsters Amazon Prime Video, which competes with Netflix and others in the fast-evolving market with some 4,000 films - including the James Bond franchise - and 17,000 television shows.

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