The $8.45 billion acquisition of MGM by Amazon assigns a rich valuation for the storied film and TV outfit, a multiple of about 37 times EBITDA.Given the scale of the overall streaming machine the parent company has built, however, the price could end up looking reasonable.
It will take time, of course — not just to process and close the second-largest acquisition in Amazon’s history — but also to start to fully deploy MGM in the streaming realm.
But the potential, most observers recognize, is vast.Most initial reaction to the deal has centered on how MGM could help Amazon Studios deliver a jolt of energy to Prime Video. “We view the deal positively for Amazon, as it furthers their efforts to add new content to the Amazon Prime Video
Read more on deadline.com
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