Amazon to buy MGM for $8.45B, paving way for extensive TV & film library on Prime
NEW YORK / AP — Amazon is going to Hollywood. The online retailer giant is buying MGM, the production studio behind James Bond, “Legally Blonde” and “Shark Tank,” with hopes of fill its video streaming service with more things to watch. Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition after it bought grocer Whole Foods for nearly $14 billion in 2017. This deal is the latest in the industry that’s aimed at boosting streaming services to compete with Netflix and Disney+. Amazon doesn’t say how many people watch its...