Amazon will deal a big hit to confront Netflix

According to Bloomberg, Amazon is preparing to purchase Metro-Goldwyn-Mayer Film Studios. Huge acquisition would greatly benefit Prime Video.

Prime Video will take advantage of MGM privileges // Source: Montage Frandroid

In its beginnings in France, Amazon Prime Video was in its infancy and struggled with a scanty catalog. However, SVoD has managed to grow slowly, but surely, and is among the most dangerous competitors to Netflix, which remains sector-owned. However, the platform is about to take a very heavy hit.

As Bloomberg reveals, which relies on a source close to the file, Amazon should soon formalize its acquisition of Metro-Goldwyn-Mayer Studios (MGM), and thus will get its hands on a massive catalog of films for this iconic movie monument. Roar of the lion emblem. Very popular franchises like Epics James BondAnd the Stargate And the rocky It will fall under the tutelage of Jeff Bezos and provide Prime Video.

$ 9 billion

This is important news: This acquisition, which will amount to about $ 9 billion, will be the second largest in Amazon history (after the acquisition of Whole Foods). According to Bloomberg, the announcement should take place very quickly, during Tuesday, May 25th in the US (so keep in mind the time difference).

An astronomical sum, to be sure, but not surprising: Amazon spent $ 11 billion in 2020 alone to boost its music and video streaming services. With such an acquisition, Prime Video will enhance its gameplay in a very significant way not to be left behind by Netflix or Disney +.

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