Amazon comes for Netflix’s throne with $8.45 billion MGM purchase

The Next Web
By The ConversationJun 20, 2021, 9:00 am190 pts
The ruthless war between the world’s leading video-on-demand companies reached a climax when the Amazon acquired the legendary Hollywood studio MGM (Metro Goldwyn Mayer) in a deal worth US$8.45 billion. The sale of MGM on May 26 followed more than six months of negotiations. The American studio known for its…

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