Cyber Monday Sale! 50% Off All Access

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.

Data & Recovery

Ditch Fees With Lifetime Cloud Storage at Cyber Week's Lowest Price

Would you rather pay monthly or once and be covered for life?

Growing a Business

Her Restaurant Business Is Worth $100 Million — Here's Her Unconventional Advice for Aspiring Entrepreneurs

Pinky Cole, founder of Slutty Vegan, talks about going from TV producer to restaurant owner, leaning into failure and the value of good PR.

Business News

'I Stand By My Decisions': A CEO Is Going Viral For Firing Almost All of the Company's Employees — Here's Why

The Musicians Club CEO Baldvin Oddsson fired 99 workers at once over Slack for missing a morning meeting. But there's a catch.

Legal

How Do You Stop Porch Pirates From Stealing Christmas? These Top Tips Will Help Secure Your Deliveries.

Over 100 million packages were stolen last year. Here are top tips to make sure your stuff doesn't get swiped.

Business News

'Something Previously Impossible': New AI Makes 3D Worlds Out of a Single Image

The new technology allows viewers to explore two-dimensional images in 3D.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.