Saudi Press

Saudi Arabia and the world
Wednesday, Sep 03, 2025

Amazon Reportedly in Talks to Purchase MGM Studios

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.

Earlier, reports started to buzz and speculate about a possible sum for the deal, estimated to be between $7 and $10 billion.

Established in 1924, MGM is one of the world's oldest film studios. The corporation indicated its readiness to be acquired in December 2020, rolling out a price tag of around $5 billion at the time. With over 4,000 film titles, the company suggested that a buyer would own one of the “deepest libraries” of premium media content.

Security personnel stand outside the Santa Monica-based headquarters of Metro-Goldwyn-Mayer studio 15 January, 2001, controlled by billionaire Kirk Kerkorian. One of Hollywood's oldest movie studios, Metro Goldwyn Mayer (MGM), may be on the block for a whopping seven billion USD, insiders reportedly said 15 January 2002. Kerkorian is reportedly seeking bids and has hired investment banking company Goldman Sachs to handle the proposed sale.


Among the titles are the James Bond, Hobbit, and Rocky/Creed movies, and one could also discover 17,000 episodes of TV shows such as “The Handmaid’s Tale", "Teen Wolf", “Vikings" and “In the Heat of the Night".

Amazon is enjoying over 200 million Prime members around the world, after reporting 175 million Prime video viewers the previous year.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
×