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Amazon MGM acquisition: Amazon in talks to purchase MGM film studio: Report – NEWPAPER24

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Amazon MGM acquisition: Amazon in talks to purchase MGM film studio: Report

2021-05-18 05:14:10

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Bengaluru: Amazon.com Inc. is in talks to accumulate the enduring US film studio MGM, ‘The Info’ reported on Monday, citing an individual conversant in the matter.
The standing of Amazon’s discussions with MGM is unclear and it’s potential no deal might consequence, the report mentioned. The film studio behind the ‘James Bond’ franchise, additionally owns the Epix cable channel and makes TV reveals, together with standard reveals like ‘The Handmaid’s Story’, ‘Fargo’, ‘Vikings’ and ‘Shark Tank’.

Amazon declined to touch upon the report, saying it “would not touch upon rumors or hypothesis”.

In December, Newpaper24 reported that the film studio was exploring a sale and had tapped funding banks Morgan Stanley and LionTree LLC and began a proper sale course of.

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