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Amazon in Talks to Buy MGM

TheMotleyFool

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Amazon (NASDAQ: AMZN) is in talks to acquire MGM, according to various media reports. The movie studio has produced or distributed a library of popular franchises, including James Bond, Shark Tank, Vikings, The Handmaid's Tale, Rocky, and many others. MGM also owns premium cable channel Epix, as well as a stake in Mark Burnett's Survivor series.

MGM's vast treasure trove of content, estimated at more than 4,000 film titles and 17,000 television episodes, would mark a major coup for Amazon, immediately buttressing the company's production capabilities and beefing up the streaming offerings for Amazon's Prime Video and IMDB Channel.

Image source: Getty Images.

Source Fool.com

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