Metro-Goldwyn-Mayer Inc

James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM

“It’s critical that mergers and acquisitions involving monopoly companies experiencing tremendous and exponential growth are met with a greater level of scrutiny,” Mr. Buck said. Amazon’s revenue for the first quarter of 2021 increased 44 percent to $108.5 billion, the company’s fastest rise in almost 10 years. Amazon’s entertainment strategy has evolved as streaming services …

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MGM Looks to Amazon as the Hollywood Studio Tries to Find a Buyer

Streaming has become fiercely competitive, with Disney+ coming on strong and HBO Max, Apple TV+ and Paramount+ determined to make inroads. That has pushed the original streaming disrupters — Netflix and Amazon Prime Video — to lean harder on broad-appeal movies to keep growing, particularly overseas. The 58-year-old James Bond franchise is a Hollywood crown …

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