Amazon is continuing to make moves!
According to Variety, Amazon.com Inc. is in discussions to buy MGM Holdings Inc for 9 billion dollars.
Variety says:
"Chatter that Amazon (and other tech and media giants) have been sniffing around MGM has circulated for some time. But sources indicated that Amazon’s interest in acquiring the studio has taken on a new tenor beyond the usual rumor mill. The deal is said to be being orchestrated by Mike Hopkins, senior VP of Amazon Studios and Prime Video, directly with MGM board chairman Kevin Ulrich, whose Anchorage Capital is a major MGM shareholder."
Variety explains that they reached out to Amazon and MGM for more further details but declined to do so.
Over the years, MGM has delivered some of the biggest franchise films from James Bond, the Rocky, and Legally Blonde to name a few.