Amazon.com said on Wednesday it is buying MGM, the fabled US movie studio home to the James Bond franchise, for $8.5-billion, giving it a huge library of films and TV show.
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Amazon.com is in talks to acquire the iconic US movie studio MGM, The Information reported on Monday, citing a person familiar with the matter.
AT&T, the owner of HBO and Warner Bros studios, and cable and streaming network Discovery plan to combine their media assets to create a standalone global streaming business.
Spotify Technology CEO Daniel Ek said he made a bid for London’s Arsenal Football Club that was rebuffed by American billionaire Stan Kroenke.
The SABC has begun warning viewers of its analogue terrestrial television channels that the broadcasts are coming to an end as the country finally moves to digital terrestrial technology.
Verizon Communications has agreed to sell its media unit, which includes Yahoo and AOL, to Apollo Global Management for $5-billion, as it looks to offload its digital media business.
MultiChoice Group, continuing its strategy of cooperating with competitors, on Friday said it has added YouTube to its high-end DStv Explora Ultra personal video recorder decoder.
Google is turning out to be one of the biggest winners of the reopening of trade following the Covid-19 pandemic. By Tae Kim.
Netflix said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world’s largest streaming service down 11% on Tuesday.
Showmax, the video streaming platform launched by MultiChoice Group, has cut the price of its mobile-only plan to R39/month, from R49 previously.