MGM has been able to acquire $ 8.45 billion.
According to Arab Net, this means that it has a content library that is said: It consists of about 4000 films and 17,000 hours of television.
Amazon acquisition is likely to help attract more prime subscribers. The Prime video service is compete with the likes of Netflex and Disney Plus.
MGM may be the most famous for being a Hollywood studio behind James Bond and Ruki's privileges, but its library has a full series of classical films, such as 12 Angry Men, to modern TV shows, according to the Arabic technical portal.
Amazon says the acquisition is available for customers and larger access to MGM and the studio can continue to list the wonderful stories.
Amazon added that the real financial value behind the deal is the intellectual property in the list we are planning to re-imagine and develop with MGM.
Amazon Media Empire
The media in Amazon is a relatively small part of its overall empire but spends billions every year.
There are currently more than 200 million people worldwide participants in Amazon Prime. As a result, a large part of Prime subscribers benefit from a free built-in video prime.
Last year, more than 175 million video clips, and thousands of films and television programs could be useful for both parties.
There were reports of Amazon's acquisition on MGM for the first time in mid-May. The Variety magazine reported information about the deal.
Similarly, the Wall Street Journal reported on May 24 that Amazon was about to conclude a deal to buy MGM. Meanwhile, MGM is currently owned by a group of private companies.
Reports that MGM was shown for sale in December.
MGM is sold during a period of merger in Hollywood and therefore companies are trying to enhance content libraries to compete with Netflex and Disney.
The new ATT has established its Warnermedia media company to merge with Discovery TV, and as a result, the second largest media company in the world in terms outside Disney.
Both companies have broadcast services (HBO MAX and Discovery Plus) and therefore increases the possibility of a single service.
