And with the talent at Amazon and the talent at MGM Studio, we can reimagine and develop that IP for the 21st century. A spokesperson for Amazon declined to comment when DailyMail.com asked if the company was pursuing titles from before May 1986. Jeff Bezos's Amazon is paying $8.45 billion for MGM, making it the company's second-largest acquisition after it bought grocer Whole Foods for nearly $14 billion in 2017In December, MGM said it was exploring a sale. Known for its roaring lion logo, MGM is one of the oldest Hollywood studios, founded in 1924 when films were silent. The once prestigious movie studio fell on hard times, in part because of Kertorian's business decision, until it filed for bankruptcy in 2010.

Source: Daily Mail May 26, 2021 13:02 UTC