May 18, 2021 - Economy & Business

Amazon reportedly in talks to acquire MGM Holdings

Illustration of the Amazon logo extending into a new shape

Illustration: Annelise Capossela/Axios

Amazon is reportedly in talks to acquire MGM Holdings, the legendary Hollywood studio, according to The Information. The deal could cost between $7 billion and $10 billion.

Why it matters: This would be Amazon's biggest move yet into entertainment.

  • "Amazon's interest in MGM comes as traditional Hollywood is undergoing a new round of consolidation, with Discovery's deal to acquire WarnerMedia from AT&T, as entertainment companies try to get more scale so they can better compete with Netflix and Disney," the Information's Jessica Toonkel and Nick Wingfield report.
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