Amazon Reportedly Negotiating<br />$9 Billion Deal to Acquire MGM .<br />Industry sources have disclosed to ‘Variety’ that<br />Amazon is negotiating a deal to acquire MGM. .<br />The negotiations have reportedly<br />been in the works for weeks.<br />Sources also disclosed that MGM representatives<br />have been pushing a price tag of $9 billion. .<br />According to 'The Information,' Amazon’s potential deal<br />for MGM could run between $7 billion and $10 billion. .<br />Representatives for Amazon and MGM have<br />declined to comment on the matter.<br />MGM owns 4,000 film titles including the ‘James Bond’,<br />‘Hobbit’ and ‘Rocky/Creed’ franchises.<br />Their TV library includes an estimated 17,000 episodes<br />of programing including ‘The Handmaid’s Tale,’<br />‘Stargate SG-1,’ ‘Survivor’ and ‘The Voice.’.<br />Amazon’s media sector is a relatively small piece of<br />its empire but has been growing fast in recent years. .<br />In 2020, Amazon spent $11 billion on movies,<br />TV shows and music for its Prime services.
