Amazon To Acquire MGM Studios For $8.45 Billion In Mega Media Deal

Amazon acquired MGM Studios for $8.45 billion in a mega deal that will bolster Amazon's entertainment profile, the companies announced Wednesday morning. The deal will allow Amazon to give its subscribers access to MGM Studios' entire portfolio of movies and television shows, according to the announcement. MGM Studios' content library includes more than 4,000 films and 17,000 television shows.