11/21/2023 0 Comments Mgm owns what casino app"The real financial value behind this deal," Hopkins said, "is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM's talented team." In a statement, Amazon's senior vice president of Prime Video and Amazon Studios, Mike Hopkins, emphasized the intellectual property value of MGM's vast holdings, which go back to the 1920s. The announcement was made Wednesday morning by the two companies. Amazon will get the rights to the Golden Age studio's film and television library. But the MGM deal is its biggest move into entertainment. The tech company already runs a film studio, Prime Video streaming service, and video game streaming site Twitch. It's the second-largest acquisition for the company after purchasing Whole Foods. Amazon has made a deal to purchase MGM for $8.5 billion.Įditor's note: Amazon is among NPR's financial supporters.Īmazon has made a deal to buy Hollywood studio MGM for almost $8.5 billion.
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