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Reports: Amazon in talks to acquire MGM in $9bn deal
- Amazon is reportedly in talks to acquire MGM in a deal that could be worth $9 billion.
- The deal would see Prime Video potentially gaining a ton of content.
Amazon has been pushing Prime Video hard in recent years, expanding to a variety of new locales and coughing up top dollar for new content. Now, it looks like the company is ready to make a big acquisition to bolster its video streaming service.
Variety reports that Amazon is in talks to acquire media company MGM for roughly $9 billion, citing “industry sources.” The deal is apparently being led by Amazon senior vice-president for Amazon Studios and Prime Video Mike Hopkins and MGM board chairman Kevin Ulrich.
This isn’t the only outlet to cover a potential deal between the two companies this week, as The Information (paywall) also reported on a potential acquisition yesterday. The publication claims that a deal could cost between $7 billion and $10 billion.
Amazon would gain plenty of content by acquiring MGM, as the company’s library includes movies like the James Bond franchise, Rocky/Creed, and The Hobbit franchise. It also has loads of TV shows in its library, including The Handmaid’s Tale, the Stargate franchise, Vikings, Survivor, and more.
Do you think Amazon should acquire MGM at $9 billion? Let us know by voting in the poll below. Otherwise, you can check out our rundown of the best original shows on Prime Video.