Amazon.com Co., Ltd.

AMZN 0.72%

He said he had agreed to acquire Hollywood studio MGM Holdings. E-commerce giant betting deals can launch Prime Video Streaming Platform right away, Place it to compete with the big names in the industry Including

Netflix Co., Ltd.

And

Walt Disney Co., Ltd.

PurchaseAnnounced Wednesday morning, has a stock value of $ 6.5 billion, people familiar with the matter said. Including debt, the deal is worth $ 8.45 billion, according to Amazon. This is the second largest acquisition in the company’s history. 2017 Whole Foods $ 13.7 billion purchase..

At MGM, Amazon has more than 4,000 titles, including iconic franchises such as “James Bond” and “Rocky,” and masterpieces such as “The Silence of the Lambs,” “Raging Bull,” and “12 Angry Men.” Get the movie library of. The TV catalog contains acclaimed shows such as “The Handmaid’s Tale,” “Fargo,” and “Vikings.”

Amazon’s MGM deal is the latest in a series of mergers that have rocked the entertainment industry as media and tech companies vie for supremacy in the streaming era.

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Earlier this month

AT & T Co., Ltd.

Said Spin off WarnerMedia assets And merge them

Discovery Co., Ltd.

In recent years, Walt Disney has purchased most of 21st Century Fox’s entertainment assets, Viacom Inc. Is CBS Corp. Rejoined with. This is part of all efforts to accumulate content and build consumer streaming services.

Media executives include Amazon and

Apple Co., Ltd.

But tech giants avoided expensive deals when building streaming platforms.

The landscape is changing now. Instead of licensing to Amazon, Netflix, and others, traditional studios are increasing the content of their own streaming services, such as NBCUniversal’s Peacock and WarnerMedia’s HBO Max. Owning an MGM helps Amazon better control its fate in the streaming war.

Amazon is committed not only to preparing old movies and TV shows to serve its customers, but also to using that content to create new franchises.

“The real economic value behind this deal is [intellectual property] Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios, said: