Amazon Prime completes acquisition of Metro-Goldwyn-Meyer (MGM) The streaming company owned by Jeff Bezos makes official the acquisition of an impressive catalog of movies and television series.

This article was translated from our Spanish edition.

Anadolu Agency | Getty Images

The Amazon Prime catalog just got more attractive. The streaming company, owned by Jeff Bezos , has made official the acquisition of the legendary film production company Metro-Goldwyn-Mayer (MGM) for $8.5 billion. The announcement of the purchase was made from May 26, 2021, but it was not approved until yesterday.

The announcement was made through a statement in which Amazon welcomed the new employees, assuring that there will be no layoffs and that it already works with the MGM management team. With the purchase Amazon Primer adds to its catalog more than 4,000 movies and 17,000 series and television programs, among which are all the Rocky movies, the complete James Bond saga, The Pink Panther , Fargo , The Hobbit, The Silence of the innocents, Robocop, television series such as Handsmaid's Tale and Vikings; and great movie classics like The Wizard of Oz and Gone with the Wind .

The statement also speaks of Amazon's commitment to "preserve MGM's heritage and catalog of films."

The Amazon Prime service was launched in 2005 as a membership that guaranteed express shipments of products purchased on Amazon. The service has evolved to include other benefits such as access to Amazon Music and the movie and series streaming service.

According to Statista , Amazon Prime currently has 200 million subscribers globally.

Eduardo Scheffler Zawadzki

Entrepreneur Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

I've Made Hundreds of Thousands of Dollars With a Fun Side Hustle — And You Might Have Seen Me Doing It on TV

Phil Schraeder, CEO at GumGum Advertising, turned a childhood passion into a lucrative side gig.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Meta Says It Has Fired 20 Employees For Leaking Information: 'We Expect There Will Be More'

Meta has a strict no-leaks policy, but internal memos and meeting recordings have still made their way outside the company.

Business News

MrBeast's Holding Company Could Be Worth $5 Billion After Its Latest Fundraising Round

The YouTube creator is reportedly in talks to raise funds for a holding company for his various businesses, including his snack brand, Lunchly.

Branding

How Businesses Can Capitalize on Emerging Domain Name Trends

The potential of new gTLDs and emerging domain trends is reshaping how businesses brand themselves online. Here's how you can stay ahead of the curve.