Amazon has completed the $8.45 billion acquisition of MGM.
Commenting on the development, Mike Hopkins, senior VP of Prime Video and Amazon Studios, said: “MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience.
“We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers”.
Chris Brearton, COO of MGM, added: “We are excited for MGM and its bounty of iconic brands, legendary films and television series, and our incredible team and creative partners to join the Prime Video family.
“MGM has been responsible for the creation of some of the most well-known and critically acclaimed films and television series of the past century. We look forward to continuing that tradition as we head into this next chapter, coming together with the great team at Prime Video and Amazon Studios to provide audiences with the very best in entertainment for years to come”.
As previously reported by Broadband TV News, Amazon entered into an agreement in May 2021 to buy MGM.