• [RUMOR] Amazon in talks to by MGM

    From Your Name@YourName@YourISP.com to rec.arts.movies.current-films on Tue May 18 19:27:36 2021
    From Newsgroup: rec.arts.movies.current-films


    From AppleInsider.com ...


    Amazon mulling MGM acquisition to boost media footprint
    -------------------------------------------------------
    Amazon is reportedly in talks to acquire MGM, a move that
    could vastly expand the retail giant's entertainment
    footprint.

    Although a source confirmed the discussions were being
    held to The Information, few other details were available.
    The current status of the talks is murky, and it's
    possible that no deal will result from them.

    MGM has a library of major film franchises like James Bond,
    and also owns the Epix cable channel. The company makes
    popular TV shows such as "The Handmaid's Tale," "Fargo,"
    and "Shark Tank."

    News of the deal comes amid a new wave of potential
    consolidation in the entertainment industry. Earlier on
    Monday, reports indicated that AT&T was planning on
    breaking off its WarnerMedia arm and merging it with
    Discovery.

    Word of the talks between MGM and Amazon come just a few
    days after Amazon said that Jeff Blackburn would return to
    the retail giant. Blackburn previously oversaw Amazon's
    entertainment efforts, and would lead a new global media
    group, according to The Information.


    <https://appleinsider.com/articles/21/05/17/amazon-mulling-mgm-acquisition-to-boost-media-footprint>




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