The businesses announced Thursday that Amazon’s $8.45 billion acquisition of MGM is complete, and the studio is now part of the ecommerce giant, marking the second-largest acquisition in Amazon’s history and bringing thousands of films and television episodes to its platform.
Amazon bought MGM in May 2021, but the transaction was pending approval from federal officials.
The firms announced the deal’s completion on Thursday, after a mid-March deadline for the Federal Trade Commission to file complaints against it passed without the commission submitting any.
On Tuesday, European officials authorised the acquisition, stating that it would not raise antitrust issues.
According to the companies, the agreement provides access to over 4,000 movies and 17,000 television episodes.
Amazon and MGM did not announce when the studio’s programming will begin to surface on their platforms on Thursday. When that happens, Amazon users will have access to MGM-owned content such as the James Bond and Rocky franchises, films such as The Silence of the Lambs and the Pink Panther and Legally Blonde series, and television shows such as The Handmaid’s Tale, The Voice, and The Real Housewives of Beverly Hills.
Amazon’s $8.5 billion MGM deal is approved by the EU, which states that the studio’s content “cannot be considered a must-have.”
