Battle for streaming supremacy hots up after acquisition of studio behind James Bond franchise
Amazon has bought MGM, the Hollywood studio behind the James Bond and Rocky franchises, for nearly $8.5bn as the battle for global streaming supremacy reaches new heights.
The scale of the deal far exceeds the $5bn (£3.5bn) price tag suggested when the studio put itself up for sale in December, as the fight to secure must-watch programming fuels fierce bidding wars for owners of increasingly scarce “crown jewel” content.
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Originally posted in the guardian.
