Amazon Merges With MGM For $8.45 Billion

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Today, Amazon announced (via CNBC) that intends to purchase MGM Studios. The long-tenured movie studio has been up for purchases for several years. Amazon expected to shell out $8.45 billion for the upcoming studio. Which would add all of MGM’s classic film franchises to Amazon’s collection including James Bond and the Rocky films. This marks the second-largest acquisition for Amazon after buying Whole Foods for $13.7 billion in  2017. CEO Jeff Bezos also announced he plans on leaving Amazon in early July.

“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling.” said Mike Hopkins VP of Amazon Prime and Amazon Studios.

MGM Chairman Kevin Urlich added: “The opportunity to align MGM’s storied history with Amazon is an inspiring combination.” This will mark yet another mega-merger in Hollywood after Disney aquired 20th Century Fox in 2017 (after aquiring Marvel and Lucasfilm). As well as AT&T going onto aquire Warner Brothers last year.

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| Editor-in-Chief of Knight Edge Media | Film & TV Reporter | Social Media Manager |

Caleb began his film and television news reporting career during high school in 2008 by creating Superhero Movie News and part-time writing on ComicBookMovie.com. Eventually, he started Omega Underground with Christopher Marc in 2015. Breaking some major news stories throughout the industry and gaining recognition as a respectable film reporter on social media. Caleb eventually sold Omega Underground and all its assets to Geeks World Wide, LLC in 2018 and became a staff writer for them for about a year. Finally, Caleb left GWW to begin Knight Edge Media from scratch in November 2019 while finishing his Bachelor’s degree. Knight Edge Media has become a premier website destination for nerdy film and television casting, trailers, reviews, and production updates from the project’s announcement to its final worldwide release. Knight Edge Media has also been known for breaking several exclusive news stories throughout the website’s history.

Throughout his film reporting career, Caleb Williams has been given full press credentials for many nerdy movie and TV conventions, including San Diego Comic-Con, Las Vegas CinemaCon, and Phoenix Fan Fusion. He also has early press access to many upcoming streaming projects for review on Knight Edge Media.

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