Amazon Reportedly in Talks to Purchase MGM Studios

American company Metro-Goldwyn-Mayer Studios, abbreviated as MGM, is one of the world’s oldest movie studios, with a history spanning about a century. It is behind, among many other iconic films, the Rocky and Creed franchises, along with the James Bond franchise.

Amazon is “weeks into” negotiations to purchase Metro Goldwyn Mayer for about $9 billion, according to a Monday report by Variety.

The deal is reportedly being orchestrated by a senior VP of Amazon Studios and Prime Video, Mike Hopkins, who is in direct contact with MGM board chairman Kevin Ulrich.