Amazon is buying MGM Studios for $8.45B

The big media consolidation continues — days after rumors swirled around Amazon’s acquisition of MGM, the online massive retailer confirmed today that it will be acquiring the nearly 100-year-old studio for a cool $8.45 billion. The deal is another big step to bolster Amazon’s fight in the streaming wars, adding some 4,000 films. The list … Continue reading Amazon is buying MGM Studios for $8.45B