MGM Studio now in the hands of Amazon at $8.45 billion
Known for its prominent Hollywood hits like the James Bond series, Handmaid’s Tale and The Magnificent Seven is to be overtaken by Amazon. The sale made $8.45 billion. The more that stellar collection by the studio will be safeguarded as the heritage of the parent organization.
The deal was made public earlier today and it has not been finalized yet. Amazon Prime has made the move in order to bump up its collection of classics that are still America’s favorite, an area they were certainly lacking in before. As more and more people have taken to video streaming platforms as a source of entertainment, the deal is potentially remarkable.
