Amazon said Wednesday that it has struck a deal to acquire the historic movie studio MGM for $8.5 billion, bolstering its efforts to become a top player in Hollywood.
TypeĪmazon is buying MGM Studios for $8.5 billion Jeff Bezos, meet James Bond. Through this holding company, MGM’s former creditors own the studio….MGM Holdings. is a Delaware-registered pure holding company and the parent company of the American media company Metro-Goldwyn-Mayer Studios Inc. This is the June 1, 2021, edition of The Wide Shot, a weekly newsletter about everything happening in the business of entertainment. 10 How many employees does MGM Resorts have?Īmazon bought MGM for $8.45 billion, but unpacking MGM’s vault will be harder than it sounds.
