Amazon is acquiring MGM for $8.45 billion, the ecommerce giant confirmed, in a deal that will give Amazon access to MGM’s catalog of 4,000 movies and 17,000 TV shows. It is the first time a major U.S. tech company has bought a Hollywood studio, signaling starkly how the push into video streaming is shaking up the Hollywood landscape. The Information broke news of the talks last week. In...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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