On Wednesday, the company made the announcement of the purchase of Hollywood's historic movie studio for a whooping $8.45 billion.
MGM, which is known for its roaring lion as a logo, has produced numerous hits including James Bond, Pink Panther and the Rocky franchise.
“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team," said Mike Hopkins, Senior vice president of Prime Video and Amazon Studios. "It’s very exciting and provides so many opportunities for high-quality storytelling.”
This deal is the second-biggest acquisition for Amazon after Whole Foods. The retail giant acquired Whole Foods for $13.7 billion in 2017.
Amazon said the MGM deal is subject to regulatory approval.