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Amazon bought Hollywood studios for 60 thousand crores, has made films like MGM, James Bond

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MGM Studios has produced films like the James Bond, Rocky, Creed, Pink Panther franchises in Hollywood.

This deal was done for $ 8.45 billion.

Amazon said on Wednesday that it is going to buy Hollywood giant MGM Studios for $ 8.45 billion (about 60 thousand crores). MGM Holdings is looking for a buyer for itself from December 2020. This deal is very important in terms of Amazon Prime Video. MGM Studios has produced films like the James Bond, Rocky, Creed, Pink Panther franchises in Hollywood.

Regarding this deal, it has been said from Amazon that the transaction process will be completed after regulatory approval. Many more companies were involved in the race to buy MGM. These include names such as Viacom CBS and Sony Pictures. The companies involved in the race offered $ 6 billion, due to which the deal could not be completed. The next Bond series ‘NO TIME TO DIE’ is currently postponed due to release due to Corona.

MGM has made more than 4000 films

Regarding this deal, Amazon said that it will re-imagine and develop stories from the extensive list of studios with MGM’s talented team. Metro Goldwyn Mayer, better known by the name of MGM, is one of the largest studios in Hollywood and has more than 4,000 popular films on its account.

MGM Studio has made 17000 TV shows

Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios, said that MGM has also produced 17,000 TV shows including ‘Fargo’, ‘The Handmaid’s Tale’ and ‘Vikings’. The studio has also won over 180 Oscars and over 100 Emmy Awards.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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