Amazon to buy MGM for $8.45 Billion to compete streaming players like Netflix
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Amazon on Wednesday announced to acquire movie giant MGM for $8.45 billion, at a time when the world's largest telecommunication company AT&T has announced to merge WarnerMedia with Discovery to create a new media giant that will compete with leading streaming players like Netflix. Metro Goldwyn Mayer's or MGM which has a century of filmmaking history, has a vast library of over 4,000 film titles.