Bengaluru- Amazon incorporation is in discussions to acquire the iconic and well-known US movie studio MGM, reported on Monday.
The status of Amazon’s discussions with MGM is unclear and it is possible no deal may result. The movie studio behind the James Bond franchise also owns the Epix cable channel and makes TV shows. It also involves shows like The Handemaid Tale, Fargo, Vikings and Shark Tank.
But Amazon refused to comment further on the acquisition.
In december 2020, it had reported that the movie studio was exploringg a sale and had tapped investment from top investors namely Morgan Stanley, and LionTree LLC, and started a formal sale process.
Amazon acquired several startups recently in Indian marketplace especially to mark his territory and to expand business to more products and better growth rate. And now it is thinking to make a big move by acquiring US movie studios. It will add a more renowned holdings in its empire.