Amazon buys MGM

The Verge reports that the ecommerce giant Amazon has reached a deal to acquire the film and TV company MGM for $8.45 billion, both companies announced today. It’s a significant acquisition for the e-commerce giant, and it means it will own a library of content that’s reported to consist of around 4,000 films and 17,000 hours of TV. The acquisition is likely to help Amazon attract even more big-spending Prime […]