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Salon
Salon
Lifestyle
Kelly McClure

Amazon acquires MGM for $8.5 billion

Amazon MGM Amazon Studios
Jeff Bezos Getty/Photo Montage by Salon

Amazon finalized an $8.5 billion merger deal on Thursday for the acquisition of MGM, folding their vast catalog of film and TV into the already massive scroll of Amazon Studios and Amazon Prime offerings. 

According to an Amazon spokesperson sourced by Deadline, Amazon plans to welcome all of MGM's existing employees, and aside from Mike Hopkins staying on as Senior Vice President of Amazon Studios and Amazon Prime, no further announcement has been given as to how, or if, things will restructure moving forward to include MGM upper-level management in the merger.

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