Metro Goldwyn Mayer (MGM) — the producer of the ever-green cartoon ‘Tom and Jerry’ and ‘Pink Panther’ — has been bought by Amazon for a whopping $8.45 billion.
Amazon has closed its deals just two days after it was granted clearance by the EU’s Union antitrust regulator. MGM’s acquisition by Amazon was “unconditionally” approved by the European Union.
The merger would bring more than 4,000 movies and 17,000 TV shows, including Tom and Jerry, Pink Panther, James Bond and Rocky.
“Real financial value behind this deal is the treasure trove of [intellectual property] in the deep catalogue that we plan to reimagine and develop together with MGM’s talented team,” said senior VP of Prime Video and Amazon Studios Mike Hopkins.
