Amazon says it has completed MGM deal

Amazon said today in a short statement it has completed its acquisition of Metro-Goldwyn-Mayer, James Bond’s home studio.

“Amazon and MGM announced that MGM has joined Prime Video and Amazon Studios,” the statement read. “The storied, nearly century-old studio—with more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards—will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers.”

Earlier this week, Amazon received European Commission approval for its $8.45 billion acquisition of MGM. The figure includes assumption of MGM debt.

Amazon was waiting on a review by the U.S. Federal Trade Commission. But the short announcement didn’t mention the FTC.

Bloomberg News said in a story today that a deadline for the U.S. agency to challenge the deal had passed with no FTC action.

Amazon announced the MGM deal last year. The studio was founded in 1924 with the merger of three companies. MGM has been involved with the Bond franchise since 1981, when it acquired United Artists.

MGM finances the Bond films produced by Eon Productions.

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