Amazon to acquire MGM Studios for $8.45B

Amazon to acquire MGM Studios for $8.45B

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Amazon will acquire MGM Studios for $8.45 billion, 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. It's the latest push by Amazon to bolster its streaming service, Prime Video, as a means to boost its other business lines. During its first-quarter earnings in April, Amazon highlighted the success of Prime Video, which saw more than 175 million members…

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