Y Combinator’s Garry Tan Goes to the MatRead more

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amazon entertainment

Amazon to Buy MGM for $8.45 Billion

By
Martin Peers
· · Source: The Information

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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