Amazon in talks to buy film studio MGM


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LOS ANGELES: Amazon.com Inc is in discussions to acquire the nearly century-old Metro-Goldwyn-Mayer movie studio in what would be its biggest push into entertainment yet, according to news reports.

MGM, the storied Hollywood company behind the James Bond series, would help bolster Amazon’s Prime streaming service, the Information and Variety said in separate reports. Amazon is weeks into negotiations to buy the studio for about US$9bil (RM37bil), according to Variety.

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