Amazon Quiz (18th October 2021): 

Amazon recently acquired which of these Hollywood film studios for $8.45 billion?

(a) MGM

(b) Village Roadshow

(c) Universal

(d) Dreamworks

Answer: (a) MGM

Metro-Goldwyn-Mayer Studios Inc. is
an American media business that produces and distributes feature films and
television programming. The firm was formed in 1924. The company’s headquarters
are in Beverly Hills, California

Marcus Loew created MGM by merging
Metro Pictures, Goldwyn Pictures, and Louis B. Mayer Pictures into one firm.

It quickly became one of Hollywood‘s
“big five” film studios, producing popular movie musicals and winning
numerous Oscars after hiring a number of well-known actors as contract
players—its slogan was “more stars than there are in heaven”—and
quickly became one of the “big five” film studios, producing popular
movie musicals and winning many Oscars.

MGM filed for bankruptcy protection and restructuring under
Chapter 11 in 2010. Later that year, MGM emerged from bankruptcy under the
control of its creditors, following a restructuring. Gary Barber and Roger
Birnbaum, two former executives at Spyglass Entertainment, were named
co-chairmen and co-CEOs of MGM’s new holding company. MGM began seeking a buyer in 2020, after Barber had departed the firm, in order to pay its
creditors. 

Amazon announced the signing of the merger agreement with MGM for
$8.45 billion on May 26, 2021. MGM continues to produce and distribute
feature films and television shows today. The popular Rocky and James Bond
franchises are among its main cinema productions, while The Handmaid’s Tale, a
highly successful television series, is among its recent television creations.

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