Amazon, the company that Jeff Bezos founded, would be negotiating the purchase of MGM Studios for $ 9,000 million

The purchase of MGM would allow Amazon to integrate a greater number of series and movies to its video platform at the time that streaming services are increasingly competitive

Photo: Edward Smith / Getty Images

Earlier this week the website The Information claimed that Amazon, the company that created Jeff Bezos , is negotiating the acquisition of Metro Goldwyn Mayer Studios (MGM) that would allow Amazon Prime will integrate a greater number of series and films, as well as successful franchises such as James Bond, Rocky, RoboCop and Survivor.

Variety reported that the terms of the agreement would be valued at more than $ 9, 000 millions of dollars . However, the final price could range from $ 7, 000 and $ 10, 01 million dollars.

The catalog of MGM covers more than 4, 000 movies and 17, 000 television episodes. Their revenue fell 3% last year to $ 1, 500 million dollars, but its chief operating officer, Christopher Brearton, believes that 2021 could be his biggest year in terms of new content.

upward streaming

The news of a possible acquisition of the MGM studios occurs in the framework where the landscape of streaming services is increasingly competitive .

The sector Entertainment is one of Amazon’s fastest growing business units .

Last month, Amazon CEO Jeff Bezos revealed that Amazon Prime features 175 million members , of which 175 Millions watched streaming content in the last year.

Bezos’s company spent $ 11, 01 million dollars worth of content for Prime Video at 2020, which generated an increase in 41% in the number of subscribers. The company increased spending on television, movies and music by 40% last year , including $ 465 million dollars for the first season of a new series of The Lord of the Rings.

Streaming hours increased by 70% Y Amazon got $ 7, 600 million dollars in revenue from its subscription services during the first quarter of 2021 .

Related: What are the free services to watch streaming TV in Spanish

Mergers

On Monday AT&T announced that it will merge WarnerMedia with Discovery to create a new entertainment unit that will compete directly with Netflix and Disney.

As This year acquisitions have been announced for a value of $ 80, 000 million dollars in the media sector , the most since the year 2000.

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