11/21/2023 0 Comments Does amazon own mgm casinos![]() ![]() Earlier this year, Amazon also signed a 10-year deal- estimated to cost $1.3 billion per year-with the NFL for exclusive broadcast rights to Thursday night football games starting in 2023. ![]() This was a sharp rise from the $7.8 billion the company had spent on media back in 2019. In its 2020 annual report published last month, the company disclosed that it had spent $11 billion on producing TV shows, movies and music for Prime. Its streaming service, Prime Video, is a key part of the e-commerce giant’s Prime subscription service which also offers free two-day shipping, music streaming and a host of other services. MGM’s acquisition comes at a time when Amazon is looking to beef up its video streaming offering to compete with the likes of Netflix and Disney. The deal is the second-largest acquisition in Amazon history, second only to the $13.7 billion the company paid for Whole Foods in 2017. He described the “real financial value behind this deal” as the “treasure trove” of intellectual property they “plan to reimagine and develop together with MGM’s talented team.” that have collectively won more than 180 Academy Awards and 100 Emmys,” said Mike Hopkins, Amazon’s senior vice president of Prime Video and Amazon Studios in the release. “MGM has a vast catalog with more than 4,000 films. A cybersecurity issue at MGM Resorts has forced the famous hotel and casino company to shut down many of its systems. The announcement notes that the deal will be completed after “regulatory approvals.” Crucial Quote He has written news, reviews, and more as a tech journalist since 2020. ![]()
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