{"id":9617,"date":"2022-03-17T16:19:14","date_gmt":"2022-03-17T16:19:14","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/03\/17\/amazon-gets-eu-approval-for-8-45-billion-mgm-acquisition\/"},"modified":"2022-03-17T16:19:14","modified_gmt":"2022-03-17T16:19:14","slug":"amazon-gets-eu-approval-for-8-45-billion-mgm-acquisition","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/03\/17\/amazon-gets-eu-approval-for-8-45-billion-mgm-acquisition\/","title":{"rendered":"Amazon gets EU approval for $ 8.45 billion MGM acquisition"},"content":{"rendered":"
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Amazon.com Inc. has obtained unconditional approval from the European Commission, under EU merger regulation, for the proposed $ 8.45 billion acquisition of MGM Holdings Inc.<\/p>\n

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MGM is active in the production and distribution of AV content in the EEA and worldwide. The US-based company also offers a wholesale channel, MGM +, in a number of EEA jurisdictions over retail distributors Prime Video, Zattoo, and Mediaset.<\/p>\n

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Amazon and MGM announced the merger agreement with Amazon last year to preserve MGM’s heritage in the movie catalog and give customers greater access to these existing works.<\/p>\n

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According to the European Commission, it was determined that the transaction would not increase competition conditions within the European Economic Area (EEA).<\/p>\n

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The deal includes the production and supply of AV content, the wholesale supply of television channels, the retail supply of AV services, the production and licensing of distribution rights to third-party distributors of films for theatrical release and provision. of marketplace services.<\/p>\n

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MGM’s catalog includes more than 4,000 movies, including Creed, James Bond, Legally Blonde, Poltergeist, Robocop, Rocky, Silence of the Lambs, Thelma & Louise, Tomb Raider, The Magnificent Seven<\/em>, The Pink Panther, <\/em>in addition to 17,000 TV series such as Fargo, The Handmaid’s Tale, <\/em>in the Vikings.<\/em><\/p>\n

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Mike Hopkins, Senior Vice President of Prime Video at Amazon Studios, said: \u201cThe real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to redesign and develop together with MGM’s talented team. It is very exciting and offers so many opportunities to tell high quality stories.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amazon.com Inc. has obtained unconditional approval from the European Commission, under EU merger regulation, for the proposed $ 8.45 billion acquisition of MGM Holdings Inc. MGM is active in the production and distribution of AV content in the EEA and worldwide. 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