Amazon and MGM merge in $8.5 billion deal
2 years, 9 months ago

Amazon and MGM merge in $8.5 billion deal

Salon  

Amazon finalized an $8.5 billion merger deal on Thursday for the acquisition of MGM, folding their vast catalog of film and TV into the already massive scroll of Amazon Studios and Amazon Prime offerings. Related: Amazon walkout: Dozens of warehouse workers protest low pay and bad working conditions "MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience," said Hopkins. "We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers." Nursing homes bleed staff as Amazon lures low-wage workers with Prime packages Feds open investigation into Amazon warehouse practices following deadly tornadoes The ever-surprising Pete Davidson is going to space as an "honorary guest"

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Amazon MGM Studios is joining the Motion Picture Assn.
3 months ago

Amazon MGM Studios is joining the Motion Picture Assn.

LA Times  

Amazon MGM Studios, along with streaming service Prime Video, are joining the Motion Picture Assn. In addition to Netflix, the organization currently represents Disney, Paramount, Sony, Universal and Warner Bros. “The MPA is the global voice for a growing and evolving industry, and welcoming Prime Video & Amazon MGM Studios to our ranks will broaden our collective policymaking and content …

Amazon MGM Studios and Prime Video DEI head to leave company
6 months, 2 weeks ago

Amazon MGM Studios and Prime Video DEI head to leave company

LA Times  

Latasha Gillespie, global head of diversity, equity, inclusion and accessibility at Amazon MGM Studios and Prime Video, will leave the company in August. Amazon MGM Studios’ global head of diversity, equity, inclusion and accessibility will be leaving the company in August. “I look forward to tapping into other places and spaces that I’m equally passionate about, including public speaking, podcasts, …

Jobs: Amazon cuts 5% workforce of Buy with Prime unit
11 months ago

Jobs: Amazon cuts 5% workforce of Buy with Prime unit

Live Mint  

Tech giant Amazon on January 18 said it is reducing its workforce at its Buy with Prime unit and cutting 5 percent of jobs in the service, as per a Reuters report. Despite the job cuts, Amazon said the unit remains a top priority, with a commitment to "continue investing significant resources". Broader Workforce Adjustments This announcement follows Amazon's recent …

Amazon cutting several hundred positions across Prime Video and MGM Studios unit
11 months, 2 weeks ago

Amazon cutting several hundred positions across Prime Video and MGM Studios unit

Associated Press  

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit. Last month Amazon said that Prime Video users would start seeing ads on movies and television shows starting on January 29, setting a date for an announcement it made back in September. Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, said in …

Amazon to lay off several hundred staff in Prime Video, Studios departments
11 months, 2 weeks ago

Amazon to lay off several hundred staff in Prime Video, Studios departments

Hindustan Times  

Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024. The Amazon Prime Video streaming app is seen The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed …

Amazon MGM Studios and Prime Video cut hundreds of jobs
11 months, 2 weeks ago

Amazon MGM Studios and Prime Video cut hundreds of jobs

LA Times  

Writers Guild of America members walk the picket line on the first day of their strike in front of Amazon studios in Culver City. Amazon on Wednesday said it would cut several hundred jobs at Prime Video and Amazon MGM Studios, after a review of its business in the past year. ” e’ve identified opportunities to reduce or discontinue investments …

Amazon closes $8.5B deal to acquire Hollywood studio MGM
2 years, 9 months ago

Amazon closes $8.5B deal to acquire Hollywood studio MGM

Associated Press  

Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets. The Wall Street Journal reported earlier this month Amazon certified to the Federal Trade Commission it provided information sought by antitrust investigators regarding the deal, adding it could be free to close …

Amazon closes $8.5-billion purchase of MGM, giving it broader sway in Hollywood
2 years, 9 months ago

Amazon closes $8.5-billion purchase of MGM, giving it broader sway in Hollywood

LA Times  

Amazon has closed its $8.5-billion acquisition of movie and TV studio MGM, the companies said Thursday. The deal gives Amazon control of one of Hollywood’s most storied brands, with a catalog of more than 4,000 film titles, including the James Bond and “Rocky” franchises, plus such classics as “The Silence of the Lambs.” Amazon’s purchase of MGM was first announced …

Amazon to buy MGM, studio behind James Bond and ‘Shark Tank’
3 years, 6 months ago

Amazon to buy MGM, studio behind James Bond and ‘Shark Tank’

Associated Press  

NEW YORK — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch. “It’s going to be a lot of fun work,” said Amazon founder Jeff Bezos, during the company’s shareholder meeting on Wednesday. “People who …

Amazon to acquire MGM for $8.45 billion
3 years, 6 months ago

Amazon to acquire MGM for $8.45 billion

The Hindu  

The online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde" and “Shark Tank," with the hopes of filling its video streaming service with more stuff to watch. Besides Prime Video, Amazon also has a free streaming service called IMDb TV, where Amazon makes money by playing ads during movies and shows. Buying …

Why Amazon buying MGM is a watershed moment for Hollywood and tech
3 years, 6 months ago

Why Amazon buying MGM is a watershed moment for Hollywood and tech

LA Times  

A poster at the Beverly Center in Beverly Hills promotes Omega watches and the new James Bond film featuring Daniel Craig, “No Time to Die.” After years of speculation about the merging of Big Tech and Hollywood, Amazon.com Inc. said Wednesday that it is acquiring Metro-Goldwyn-Mayer Studios for $8.45 billion — snapping up a library of more than 4,000 movies …

Amazon to buy MGM, studio behind James Bond and ‘Shark Tank,’ for $8.45 billion
3 years, 6 months ago

Amazon to buy MGM, studio behind James Bond and ‘Shark Tank,’ for $8.45 billion

LA Times  

Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition after it bought Whole Foods for nearly $14 billion in 2017. The online shopping giant is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch. Amazon is …

Amazon reportedly in talks to buy MGM as streaming wars intensify
3 years, 7 months ago

Amazon reportedly in talks to buy MGM as streaming wars intensify

CNN  

Hong Kong CNN Business — Amazon is reportedly in talks to buy MGM, the vaunted film studio that was a staple of Hollywood’s Golden Age. But a studio provides a more obvious and immediate benefit for Amazon than a theater chain, since MGM’s films and TV projects could easily find a home on Prime Video. Prime Video — which features …

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