Amazon acquires MGM Studios and the rights to The Hobbit
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10 June 2021 | Beyond Bree, June, 2021, 4
Amazon has paid $8.45 billion to acquire MGM. As Amazon CEO Jeff Bezos explained at the shareholders meeting, it “is really very simple: MGM has a vast, deep catalog of much-loved intellectual property.…” Amazon already had full TV rights to The Lord of the Rings, which includes anything mentioned in the books and appendices.…
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