The sale of MGMon May 26 followed more than six months of negotiations.
The American studio known for its roaring lion had been weakened by major financial difficulties before the pandemic.
The prolonged closure of movie theatres was the final nail in its coffin.
In buying MGM, Amazon is clearly demonstrating its ambition to dethrone Netflix.
The race for the top spot in the video-on-demand market has never been tighter.
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Amazon takes the lions share!
Credit:Carmelo Speltino/FlikrMGM Studios catalogue contains cinematic works that have won more than 180 Oscars and 100 Emmys.
This catalogue includescinematographic worksthat have won more than 180 Oscars and 100 Emmys.
That will allow Amazon to increase its offerings by nearly 40 per cent over the previous year.
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