MGM Sold to Amazon for $8.45 Billion in Blockbuster Deal

The deal, pending regulatory approval, values the studio at $8.45 billion. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling,” said Mike Hopkins, senior vp of Prime Video and Amazon Studios, in unveiling the buy. – Erik Haden, The Hollywood Reporter »