In the recent news, Pink Panther and Tom and Jerry’s producer and ‘Metro Goldwyn Mayer'(MGM) has been acquired by Amazon for $8.45 billion, according to reports. The deal of Amazon’s MGM acquisition was finalized in $8.5 billion on March 17. Amazon had closed its deal with Tom and Jerry’s producer just two days after it was awarded clearance by the EU’s Union antitrust regulator.
Amazon’s MGM Acquisition Deal was Unconditionally Approved by the European Union
Amazon’s MGM acquisition was unconditionally approved by the European Union. The EU’s antitrust review deemed the overlaps of Amazon and Tom and Jerry’s producer content as “limited”. The merger would obtain more than 4,000 movies and 17,000 TV shows, including Tom and Jerry, Pink Panther, James Bond, and Rocky. Some famous productions of MGM comprise “Basic Instinct,” “Legally Blonde,” “Moonstruck,” “Poltergeist,” “Raging Bull,” “The Silence of the Lambs,” “Thelma & Louise,” “Tomb Raider,” and “12 Angry Men.” For TV, the studio produced “Fargo,” “The Handmaid’s Tale,” and “Vikings.”
So excited to share that MGM is now part of Prime Video and Amazon Studioshttps://t.co/M3eR5C0kjJ
— MGM Studios (@mgmstudios) March 17, 2022
Tom and Jerry’s Producer Has a Nearly Century-Long Legacy of Producing Exceptional Entertainment
The senior VP of Prime Video and Amazon Studios Mike Hopkins stated, “Real financial value behind this deal is the treasure trove of [intellectual property] in the deep catalog that we plan to reimagine and develop together with MGM’s talented team.” Hopkins added that “Tom and Jerry’s producer, MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience.”
He further added, “We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers.”
Read more: Sony is Now Acquiring Video Game Developer ‘Bungie’ in a $3.6 Billion Deal
Source: The Verge
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