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Apr 29, 2022 · While Amazon cited MGM’s enormous library of content to justify the $8.5 billion deal, most of the company’s value is in $4.9 billion worth of “goodwill,” according to the filing.
- Alex Weprin
Apr 30, 2022 · Amazon officially announced it was purchasing MGM in May 2021 and the 100-year-old film studio was officially absorbed into the company in March 2022. The filing reported new details about the deal, specifically that Amazon paid $6.1 billion for MGM and repaid the studio's $2.5 billion in debt after the acquisition had closed.
- Lee Freitag
- Senior Author
Apr 29, 2022 · Amazon has assigned a value of $3.4 billion to MGM‘s film and TV library, which it acquired along with the rest of the fabled Hollywood company in a deal that closed last March.
May 26, 2021 · MGM’s earnings before interest, taxes, depreciation and amortization rose 48% to about $307 million last year, lifted by profit from its 4,000-title film library. But with a lack of new releases ...
Jun 1, 2021 · Speaking last week about MGM’s portfolio of more than 4,000 film titles and 17,000 TV episodes, Bezos told shareholders the company was looking forward to “reimagining and developing the deep ...
- ryan.faughnder@latimes.com
- Company Town Senior Editor
May 26, 2021 · How's this for a movie blockbuster: Amazon has confirmed it will acquire movie studio MGM in a deal worth $8.45 billion. In a statement Wednesday, the tech giant said they will help preserve MGM's ...
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May 26, 2021 · (Bloomberg) -- Amazon.com Inc. agreed to buy the Metro-Goldwyn-Mayer movie company for $8.45 billion, a bet that a nearly century-old Hollywood icon can feed an insatiable demand for streaming ...
