Amazon AWS: Amazon's Closes MGM $8.5bn Acquisition

Mar 18, 2022 | Posted by Abdul-Rahman Oladimeji

Amazon has closed the acquisition of the US media company Metro Goldwyn Meyer (MGM). The transaction was worth $8.5 billion. The primary goal of the deal is to strengthen its Prime Video division. However, it also secures another cloud contract for AWS. AWS and MGM started working together in 2020, signing a multi-year deal to help modernize its supply chain.

The VP of Worldwide Commercial Sales at AWS, Greg Pearson, said MGM is leveraging AWS’s unmatched scalability and functionality to reinvent its media supply chain. This will help deliver its expansive content library to new and existing TV and viewer platforms. Pearson added that the company anticipates expanding its work with MGM to push innovation across its supply chain further while also improving customer experiences.