Amazon is reportedly planning to acquire MGM for around $9 billion

The delay in the release of "No Time to Die" has doubled the pressure on the film's producer MGM. In October last year, the Wall Street Journal revealed that they were actively looking for a company to take over, and potential buyers included Amazon, Apple, Comcast and Facebook. Today, foreign media Variety reported that Amazon wanted to acquire the company for $9 billion, and both parties have not yet responded to the rumor.

The epidemic has prevented MGM from carrying out its filming business, and its latest work "No Time to Die" is in its hands and cannot be released for cash. Fortunately, this old Hollywood company has a library of more than 4,000 old movies, which is still valuable when seeking to sell.

Foreign media speculated that if MGM was sold to Silicon Valley companies such as Apple and Amazon, "No Time to Die" would have the possibility of being directly released on streaming media. However, Universal Pictures is responsible for the overseas distribution rights of this film, and they need to be given some compensation to achieve this goal.

Amazon recently announced that it has more than 200 million Prime members worldwide and more than 175 million Prime Video streaming subscribers. Buying MGM will bring many benefits to its streaming development.