Amazon is in talks to buy Hollywood studio MGM in what could be a huge salvo in the ongoing streaming wars. The studio itself has been shopping itself around for around $9 billion, the New York Times reported. The company also has its own Amazon Studios division that produces original entertainment. Jeff Bezos's Amazon is in talks to buy Metro Goldywn Mayer (MGM), the movie studio behind James BondAmazon has reportedly made a bid for MGM in the region of $9 billion, according to sources familiar with the matter. Amazon right now spends around $11 billion, but a purchase of MGM could change that equationAmazon declined to comment on the report.

Source: Daily Mail May 18, 2021 08:56 UTC