Amazon has entered talks to buy MGM, the last big independent Hollywood movie studio, in a deal that would help beef up the content portfolio of the online retailer’s Prime Video service, as the industry’s consolidation is accelerating in the wake of COVID-19 pandemic-induced changes in consumer behavior.
The outlook. The $9 billion price mentioned in reports is way above what was discussed three years ago with Apple, and even higher than the $8 billion the studio’s chairman said at the time he could extract from a buyer. Amazon’s deep pockets could help it clinch the deal.