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Los Angeles Times

Business

Ryan Faughnder

Amazon closes $8.5-billion purchase of MGM, giving it broader sway in Hollywood

Amazon MGM Hollywood

Amazon has closed its $8.5-billion acquisition of movie and TV studio MGM, the companies said Thursday.

The deal gives Amazon control of one of Hollywood's most storied brands, with a catalog of more than 4,000 film titles, including the James Bond and "Rocky" franchises, plus such classics as "The Silence of the Lambs."

Amazon's purchase of MGM was first announced in May.

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