Last December, it was announced that MGM was planning to sell its entire film studio, including its wide and varied film and television library. Now the studio seems to have finally found the right partner who will help one of the oldest film studios in the world continue to expand into the competitive streaming landscape. It was officially announced today that Amazon and MGM have entered into a definitive merger agreement that will allow Amazon to officially acquire MGM for a purchase price of $ 8.45 billion.

“It was an honor to be part of Metro Goldwyn Mayer’s incredible transformation. It took incredibly talented people who really believed in a vision to get here. On behalf of the Board of Directors, I would like to thank the MGM team for helping us arrive on this historic day, ”said Kevin Ulrich, Chairman of the MGM Board of Directors, in a statement. “I’m very proud that MGM’s Lion, long remembering Hollywood’s Golden Age, will continue its story, and the idea that emerged from the creation of United Artists lives on in a way the founders originally intended had their vision driven by talent and talent. The ability to align MGM’s history with Amazon is an inspiring combination. “

Through this acquisition, Amazon plans to preserve MGM’s nearly centenary film heritage and catalog by giving customers better access to these existing works. Amazon would empower MGM to continue doing what they do best: great storytelling.

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MGM currently owns over 4,000 titles and 17,000 hours of television programming. This includes large franchises like that James Bond Films (with No time to die currently planned for October 8, 2021), Rocky, The Hobbit, Pink panther, Candy man, and RoboCop as well as acclaimed TV series The story of the maid and Stargate.

“MGM has an extensive catalog of more than 4,000 films and 17,000 TV shows, which together have won more than 180 Academy Awards and 100 Emmys,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. “The real financial value behind this deal is the intellectual property treasure in the extensive catalog that we are working with the talented team at MGM to redefine and develop. It’s very exciting and offers so many opportunities for high quality storytelling. “

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The studio also has the rights to upcoming projects like the Henry Golding-led GI Joe spinoff Snake-eyes;; the Aretha Franklin biopic respect;; Nia DaCosta’s Candyman picture; Ridley Scott’s crime film Gucci’s house;; one third Creed Movie; a Pink panther Restart; Ron Howard’s Thai cave rescue film Thirteen lives;; Peter Dinklage-directed music film Cyrano;; a Tomb Raider Continued with Alicia Vikander; the long awaited Naturally blond Continued with the return of Elle Woods from Reese Witherspoon; and George Miller’s epic fantasy film Three thousand years of longing.