Amazon Obtains MGM for $8.45 Billion Merger. Amazon and MGM have announced an agreement that will allow MGM to merge with Amazon at the agreed-upon price of $8.45 Billion USD. MGM is responsible for famous titles and franchises such as the James Bond film, Rocky, Pink Panther, Spaceballs, Legally Blonde, Tomb Raider, and more. MGM has been in the business for nearly 100 years, and will be a crowning jewel for the Amazon brand.
Related: Amazon In Talks to Purchase AMC Theatres
It is currently unknown which projects currently in development will stay in production and will premiere through Amazon. Currently, MGM has several big-name sequels in the works including Legally Blonde 3, Tomb Raider 2, Creed III, Fiddler on the Roof, and more. MGM also owns studios such as Orion Pictures, United Artists, and American International Pictures, which are all expected to be absorbed in the merger.
Related: Amazon Has Ordered an ‘A League of Their Own’ Reboot Television Series
This is a developing story, so be sure to check back here at Chip and Co. for updates and all things entertainment!
Featured Photo Credit: Amazon/MGM
Source: ComicBook
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!
