Amazon.com plans to spend more than $1-billion/year to produce movies that it will release in theatres.
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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.
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.