Amazon CEO Jeff Bezos said the reason the tech giant acquired MGM is simple – it’s trove of beloved content.“If you saw this morning’s announcement, we are looking forward to welcoming MGM to the Amazon fold,” Bezos told shareholders at the company’s previously scheduled annual meeting.“We are really excited about MGM,” the founder and outgoing CEO said, touting the library of over 4,000 films and 7,000 television shows.“The acquisition thesis here is really very simple.
MGM has a vast, deep catalogue of much beloved intellectual property. And with the talent at Amazon and the talent at MGM Studio, we can reimagine and develop that IP for the 21st century.
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