MGM is now part of Amazon, as the two companies announced Thursday that the $8.5B acquisition has been completed.
The deal was first announced in May 2021, according to Variety.
The deal is Amazon’s second-largest acquisition in the company’s history, according to The Wall Street Journal. Amazon acquired Whole Foods in 2017 for $13.7 billion.
MGM’s large catalog of 4,000 film titles and 17,000 TV episodes will now be part of Prime Video and Amazon Studios, Amazon said in its announcement of the deal being finalized.
“MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.
“We are excited for MGM and its bounty of iconic brands, legendary films and television series, and our incredible team and creative partners to join the Prime Video family,” said Chris Brearton, chief operating officer of MGM.