Podknife - Amazon set to purchase MGM for $8.45 billion by Hollywood Breakdown

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Amazon set to purchase MGM for $8.45 billion

Podcast |: Hollywood Breakdown
Publisher |: KCRW
Media Type |: audio
Podknife tags |: Business,; Hollywood,; Movies,; TV & Film
Categories Via RSS |: TV & Film
Publication Date |: May 28, 2021
Episode Duration |: 00:04:59

In Hollywood, merger mania continues, this time with a tech twist. Amazon is buying the storied MGM Studios, and the library of 4,000 movies and TV shows that comes with it. The deal says something about how power has shifted in Hollywood — away from the traditional studios and towards the tech companies.

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