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    Amazon closes $8.5-billion purchase of MGM, giving it broader sway in Hollywood

    Amazon has closed its $8.5-billion acquisition of movie and TV studio MGM, the companies said Thursday. The deal gives Amazon control of one of Hollywood's most storied brands, with a catalog of more than 4,000 film titles, including the James Bond and "Rocky" franchises, plus such classics as "The Silence of the Lambs." Amazon's purchase of MGM was first announced in May. The transaction was ...
    by Ryan Faughnder, Los Angeles Times Mar 17, 2022 1 minute
    Metro-Goldwyn-Mayer on Monday, May 24, 2021, in Beverly Hills, California. Metro-Goldwyn-Mayer is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. Amazon is said to be near to clinching a deal to buy MGM for close to $9 billion.

    Amazon has closed its $8.5-billion acquisition of movie and TV studio MGM, the companies said Thursday.

    The deal gives Amazon control of one of Hollywood's most storied brands, with a catalog of more than 4,000

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