![]() “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios, in a statement. It’s likely that many of MGM’s library titles could be added to Amazon’s Prime Video streaming service. ![]() The catalog includes films released after 1986 earlier library titles are controlled by Turner Entertainment Company - a division of WarnerMedia, which is itself going through the early stages of an acquisition by Discovery Inc. This includes the company’s library of more than 4,000 films and 17,000 TV shows. The acquisition, Amazon said in a news release, will “empower MGM to continue to do what they do best: great storytelling.”Īs part of the deal, Amazon will take full control of MGM and its assets. The deal was officially announced, after a week of rumors, on Wednesday. Amazon, the online retailer/streaming company/tech mega-corporation, will acquire the Metro Goldwyn Mayer movie studio in a deal estimated to be worth $8.45 billion.
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