Amazon has confirmed it has closed its $8.5 Billion acquisition of MMG. The completion of the deal will see more than 4000 films and 17000 TV shows become part of Prime Video.
In a statement, Mike Hopkins, the senior vice president of Prime Video and Amazon Studios said, “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.”
“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,” adds Hopkins.
Now the streamer can compete with its rivals Netflix, Disney+, Hulu and others.
“We are excited for MGM and its bounty of iconic brands, legendary films and television series, and our incredible team and creative partners to join the Prime Video family,” said Chris Brearton, the chief operating officer of MGM.
“MGM has been responsible for the creation of some of the most well-known and critically acclaimed films and television series of the past century. We look forward to continuing that tradition as we head into this next chapter, coming together with the great team at Prime Video and Amazon Studios to provide audiences with the very best in entertainment for years to come.”
The Amazon Prime Video is also beefing its programming with original content through its own production studio and distribution.