Amazon to acquire MGM Studios

Amazon to acquire MGM Studios

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Amazon will acquire MGM Studios for $8.45 million, absorbing the film home of James Bond, "Lord of the Rings" and other successful franchises. Axios reports that the deal will give Amazon more content to own and licenses to network and license it. MGM has more than 4,000 movies and 17,000 shows in its catalog, Variety reports. The studio, founded in 1924, has produced such films as "Raging Bull," "Silence of the Lambs," The Magnificent Seven," and franchises such as the James Bond series, "The…

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