Amazon buys the studio behind James Bond and other classic movies for $8.45 billion

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Expect lots of new movies and TV shows to arrive on Amazon Prime soon

Daniel Craig and Ana de Armas in No Time to Die
(Image credit: Universal Pictures)

Amazon has bought MGM, the studio behind the James Bond movies, for a whopping $8.45 billion.

"Amazon will help preserve MGM's heritage and catalogue of films, and provide customers with greater access to these existing works," the two companies said in a statement to announce the deal. The acquisition is Amazon's second biggest after it bought grocery chain Whole Foods for nearly $13.7 billion in 2017.

MGM was founded all the way back in 1924 and has produced movies including classics like Singin' in the Rain and 2001: A Space Odyssey, to more modern releases like Creed, A Star is Born, and, of course, all the James Bond movies. 

There's also the studio's TV output, which includes reality shows like Survivor and The Voice, as well as drama titles like Fargo and The Handmaid's Tale. Basically, it's safe to say that we can expect a lot of new viewing material to hit the streamer soon. Collectively, MGM productions have won more than 180 Oscars and 100 Emmys, so it's good quality viewing material, too. 

Emily Garbutt
Entertainment Writer

I’m an Entertainment Writer here at GamesRadar+, covering everything film and TV-related across the Total Film and SFX sections. I help bring you all the latest news and also the occasional feature too. I’ve previously written for publications like HuffPost and i-D after getting my NCTJ Diploma in Multimedia Journalism.