Amazon buys historic movie studio MGM for $7.6 billion

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MGM

, the legendary Hollywood film studio, has officially joined

's studios and video platform, the e-commerce giant announced Thursday, paying 7.637 million euros to better arm itself against competition in the sector. of entertainment.

"With more than

, 17,000 television episodes, 180 Academy Awards and 100 Emmy Awards, the historic nearly century-old studio will complement the work of Prime Video and Amazon Studios to offer customers a variety of viewing options. entertainment," Amazon said in a statement.

Amazon already announced in May 2021 the acquisition of MGM.

The Seattle group is thus made with a catalog that includes, among others, 'James Bond' and 'Rocky', but also police dramas such as 'The Silence of the Lambs' or 'Bass Instincts'.

It is

acquisition in Amazon's history after buying US supermarket Whole Foods for $13.7 billion in 2017.

The European Commission announced on Tuesday that it had authorized the purchase without conditions, considering that the operation did not raise "any competition problem" in Europe.

However, the transaction faces a

Concerned about Amazon's growing power over the subscription video streaming (SVOD) sector, unions in the area are trying to prevent it, with the support of political figures.

The Strategic Organizing Center, a federation that claims to represent almost four million employees, asked the US competition authority (FTC) to oppose the transaction.

In that sense, it estimates that Amazon will

, well ahead of its rival Netflix, which would have just under 20,000 titles available.

Asked by AFP, the FTC declined to comment on the matter.

Created in April 1924 by Marcus Loew, a cinema owner, MGM became

with a constellation of stars such as Greta Garbo, Joan Crawford, Clark Gable, Katharine Hepburn and Elizabeth Taylor.

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