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Which film studio was recently purchased by Amazon?
- MGM:In a massive move for the streaming industry, Amazon has purchased major studio MGM for $4.45 billion and has taken over all media content. Amazon now has access to over 4,000 movies and over 17,000 television shows that make up the MGM media library. The goal is not just to upload existing shows or movies and put them on Prime for viewing, but to create new and unique content from the troves of IP that MGM carries. MGM is responsible for for a number of famous film franchises, including James Bond, Rocky, and The Pink Panther.
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