Amazon, a major American IT company, announced that it will acquire a major movie company that handles the world-famous spy movie "007" series for more than 920 billion yen in Japanese yen.
Amazon announced on the 26th that it has agreed to acquire the major American movie company MGM = "Metro-Goldwyn Mayer".
The amount invested in the acquisition is $ 8.45 billion, which is more than 920 billion yen in Japanese yen, which is the second largest after Amazon acquired the luxury supermarket Whole Foods Market for $ 13.7 billion in 2017.
Founded in 1924, MGM is a long-established Hollywood movie company that has produced numerous television programs, including the world-famous "007" series and "Rocky."
The number of users of video distribution services that enjoy movies and dramas on the Internet is increasing against the backdrop of the spread of the new coronavirus infection, and by acquiring works that are well known as Amazon, it has become a competing company such as Netflix and Walt Disney. There is an aim to counter it.
On the other hand, there is growing criticism that giant IT companies such as Amazon are using their monopoly position to hinder competition, and the focus will be on obtaining approval from regulators for this huge acquisition.