Studios -

Industry

L.A. Times: Why Amazon Buying MGM is a Watershed Moment for Hollywood and Tech

May 27, 2021

After years of speculation about the merging of Big Tech and Hollywood, Amazon.com Inc. said Wednesday that it is acquiring Metro-Goldwyn-Mayer Studios for $8.45 billion — snapping up a library of more than 4,000 movies and storied […]

Industry

Sony Corp Doubles Income with Boost from Games, Music, Movie Units ($762M Profit)

April 28, 2021

Sony Corp logged a record $10.7B in net income for fiscal 2020, a 101% increase over the previous year thanks in part to the Games and Networks Services, Music and Film divisions. Still, the company, which unveiled its results in Tokyo on […]