Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s…
Amazon recently announced that it has hired streaming and TV veteran Mike Hopkins to lead its video entertainment business like Prime Video and Amazon Studios. Hopkins was earlier working with Sony as Chairman of Sony Pictures Television. His appointment will come in effect from February 24. Hopkins will directly report to the Amazon founder and…