Amazon Buys Hollywood's MGM Studio. Amazon’s MGM Studio deal sparks hilarious memes online. Amazon on Wednesday acquired the iconic MGM studios in an $8.45 billion deal. The announcement not only created a big buzz in the business and entertainment worlds but also left netizens, particularly movie buffs in a frenzy. The super expensive deal gives Amazon an extensive library of films — some of Hollywood’s most popular franchises including that of James Bond. Many commented how the deal will directly benefit Prime Video account holders. MGM has a catalog with more than 4,000 films and 17,000 TV shows, according to Mike Hopkins, who heads Prime Video and Amazon Studios. “The acquisitions thesis here is really very simple: MGM has a vast, deep catalog of much beloved intellectual property,” Amazon CEO Jeff Bezos said. “With the talented people at MGM and the talented people at Amazon Studios, we can reimagine and develop that IP for the 21st century,” he added. some of the memes ...
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