Amazon acquired MGM Studios for $8.45 billion in a mega deal that will bolster Amazon’s entertainment profile, the companies announced Wednesday morning.
The deal will allow Amazon to give its subscribers access to MGM Studios’ entire portfolio of movies and television shows, according to the announcement. MGM Studios’ content library includes more than 4,000 films and 17,000 television shows.
“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” Mike Hopkins, senior vice president of Prime Video and Amazon Studios, said in a statement. “It’s very exciting and provides so many opportunities for high-quality storytelling.”
The streaming website Hulu has announced that it has acquired the rights to stream an upcoming series on the “1619 Project,” a far-left narrative that falsely claims the United States was built on racism, as reported by The Hill.
The series, based on a series of articles at the New York Times by Nikole Hannah-Jones, will be produced by Roger Williams, Geoff Martz, and Shoshana guy. The production will be carried out by Lionsgate Films and Oprah Winfrey’s studio Harpo Films, as previously reported.
In a statement to Variety magazine, Williams called the 1619 Project “an essential reframing of American history,” and falsely claimed that “our most cherished ideals and achievements cannot be understood without acknowledging both systemic racism and the contribution of black Americans.”