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Amazon to acquire famed movie studio MGM for $8.5bn

SAN FRANCISCO: Amazon will buy MGM, the famed movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and

Famous Hollywood studio ‘MGM’ plans to sell studio

LOG ANGELES: Hollywood studio MGM (Metro-Goldwyn-Mayer) is reportedly being sold for more than five billion dollars.   Since years, there have been several attempts to sell the studio. The last attempt was made this year in January to sell it to