MGM, the legendary Hollywood movie studio, has officially joined Amazon's studios and video platform, the e-commerce giant announced Thursday, which paid $8.45 billion to better arm itself against competition in the entertainment sector.
“With more than 4,000 movies, 17,000 TV episodes, 180 Oscars and 100 Emmy Awards, the nearly century-old historic studio will complement the work of Prime Video and Amazon Studios to provide customers with a variety of entertainment options,” said an Amazon statement.
Amazon announced in May 2021 the acquisition of MGM. The Seattle band has thus obtained a catalog that includes, among others, “James Bond” and “Rocky”, but also crime dramas such as “The Silence of the Innocents” or “Low Instincts”.
This is the second most expensive acquisition in Amazon history after buying US Whole Foods supermarkets for $13.7 billion in 2017.
The European Commission in Brussels announced on Tuesday that it had authorised the purchase without conditions, believing that the operation posed “no competition problems” in Europe.
However, the transaction is facing litigation in the United States. Concerned about Amazon's growing power over the subscription video streaming (SVOD) business, local unions are trying to prevent it, with the support of political figures.
The Strategic Organizing Center, a federation that claims to represent nearly four million employees, has called on the US Competition Authority (FTC) to oppose the transaction.
In this sense, he estimates that Amazon will control around 56,000 titles after this operation, well ahead of its Netflix rival, which would have just under 20,000 titles available.
When consulted by AFP, the FTC declined to comment on the issue.
Established in April 1924 by cinema owner Marcus Loew, MGM has become one of the most important studios in Hollywood with a constellation of stars such as Greta Garbo, Joan Crawford, Clark Gable, Katharine Hepburn and Elizabeth Taylor.
juj-bur/different/ll/ll
Últimas Noticias
Debanhi Escobar: they secured the motel where she was found lifeless in a cistern
Members of the Specialized Prosecutor's Office in Nuevo León secured the Nueva Castilla Motel as part of the investigations into the case
The oldest person in the world died at the age of 119
Kane Tanaka lived in Japan. She was born six months earlier than George Orwell, the same year that the Wright brothers first flew, and Marie Curie became the first woman to win a Nobel Prize
Macabre find in CDMX: they left a body bagged and tied in a taxi
The body was left in the back seats of the car. It was covered with black bags and tied with industrial tape
The eagles of America will face Manchester City in a duel of legends. Here are the details
The top Mexican football champion will play a match with Pep Guardiola's squad in the Lone Star Cup
Why is it good to bring dogs out to know the world when they are puppies
A so-called protection against the spread of diseases threatens the integral development of dogs
