Amazon is buying Hollywood studio MGM for $8.45 billion

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Amazon is acquiring storied Hollywood studio MGM in a deal worth $8.45 billion in a bid to bolster its streaming catalog. The takeover hands it the rights to an eye-watering pool of crowdpleasers including James Bond, Rocky and Robocop. MGM also owns The Hobbit franchise, which should sit nicely alongside Amazon’s upcoming Lord of the […]

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