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Amazon roars for MGM’s lion, to pay over $8bn for studio


May 27, 2021

NEW YORK: Amazon.com Inc said on Wednesday it had signed a deal with MGM to buy the fabled US movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. The deal aims to bolster Amazon’s television-focused studio …

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