Amazon Secures $8.45 Billion Deal To Acquire MGM

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Last week, it was announced that Amazon has acquired MGM and its vast library of films and TV series. And as part of that massive deal, the tech company has become 50% owner of one of the most storied franchises in all of film—the James Bond film series.

Katy Perry, 36, couldn’t help but gush over her daughter Daisy Dove‘s milestones during her latest appearance on On-Air with Ryan Seacrest. The singer shared the happy news that the nine-month-old, whom she shares with fiance Orlando Bloom, 44, has started to crawl and even has her very first tooth! “She’s crawling and she has one tooth,” she said on the radio show. “It’s barely poked through though.”

Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde" and “Shark Tank," with the hopes of filling its video streaming service with more stuff to watch.Amazon is paying $8.45 billion for MGM, making it the company's second-largest acquisition after it bought grocer Whole Foods for nearly $14 billion in 2017.The deal is the latest in the media industry that's aimed at boosting streaming services to compete against Netflix and Disney+.

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Much of the coverage of Amazon’s $8.45B deal to acquire MGM has focused on the company’s film attributes and the impact on theatrical distribution.

Michael De Luca may be the big winner from Wednesday’s blockbuster news that Amazon will purchase Metro-Goldwyn-Mayer for $8.45 billion.Though insiders caution that no decisions have been made, there is speculation around Hollywood that De Luca will play a major role in helping the e-commerce giant monetize its new library of 4,000 MGM film titles. It’s an arsenal of intellectual property that includes “Robocop,” “The Silence of the Lambs,” “Rocky,” and, of course, James Bond.

When the announcement of the deal between Amazon and MGM was made, the film franchise that got spoken about most in the acquisition is the James Bond film series. While MGM doesn’t own the complete rights for the franchise, as James Bond is creatively controlled by the production duo of Barbara Broccoli and Michael Wilson, Amazon is now the parent company of the studio that will distribute the 007 spy films.

buy MGM for $8.45 billion.The deal follows more than a week of news reports that Amazon was on the verge of completing an acquisition of MGM. The reported price tag was $9 billion.

Naman Ramachandran The ongoing battle between the Indian government and Twitter intensified on Monday with the Delhi Police raiding the social media outfit’s Delhi and Gurgaon offices over a tweet marked by the platform as “manipulated.”The tweet in question originated from Sambit Patra, national spokesperson of India’s ruling party, the Bharatiya Janata Party (BJP), on May 18.

EXCLUSIVE: Lauren Schuker Blum & Rebecca Angelo have signed on to write MGM’s adaptation of Ben Mezrich’s The Antisocial Network, which tells one of the biggest news stories of the year, about a ragtag group of amateur investors, gamers, and internet trolls who brought Wall Street to its knees.