The online shopping giant 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 doesn't say how many people watch its Prime Video service. Besides Prime Video, Amazon also has a free streaming service called IMDb TV, where Amazon makes money by playing ads during movies and shows. Buying MGM would give Amazon access to more films, shows and famous characters, including Rocky, RoboCop and Pink Panther. Iconic movie studioKnown for its roaring lion logo, MGM is one of the oldest Hollywood studios, founded in 1924 when films were silent.

Source: CBC News May 26, 2021 13:07 UTC