Amazon in talks to buy MGM Studios for $9bn


Amazon is reportedly in talks to buy cinematic behemoth MGM Studios in a deal worth $9bn (£6.4bn).

Amazon’s potential swoop on one of Hollywood’s most famous movie studios could bolster the ecommerce giant’s Prime streaming service with a substantial backlog of films and other content including The Wizard of Oz and recent hit series The Handmaid’s Tale.

MGM Studios parent company MGM Holdings has reportedly been exploring a potential sale of the studio since the end of last year. 

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