Bloomberg Law
May 25, 2021, 12:06 PM

Is Amazon’s MGM Deal a Game Changer?: Tara Lachapelle

Tara Lachapelle
Bloomberg Editorial

Is MGM just another Whole Foods? Inc.’s biggest acquisition is a lesson that the technology giant doesn’t always live up to the terror — or hysteria — that its seemingly limitless ambitions tend to inspire.

Amazon is reportedly close to announcing a $9 billion takeover of MGM Holdings, the parent of the movie studio behind the James Bond franchise and the television studio that produced the “Handmaid’s Tale” series for Hulu. This will add a lot of well-known titles to Amazon’s Prime Video catalog and perhaps increase the app’s output of new content. That, in turn, may give Prime shoppers who pay $119 a year ...

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