Amazon will buy MGM for $8.45 billion in huge content grab: Bond and more

Amazon is spending $8.45 billion on buying MGM, a huge media acquisition that will give the online retailer not only a vast back-catalog of titles but a wide range of franchises including James Bond and more. The deal is Amazon's most significant step into content creation so far, as it competes with Netflix, Apple, and others in generating homegrown movies and TV shows to set its streaming service apart.