Amazon is acquiring MGM, the studio behind James Bond and Rocky, for $8.45 billion

Daniel Craig as James Bond in "No Time to Die."
MGM
Amazon said Wednesday that it would buy Hollywood giant MGM Studios for $8.45 billion.
MGM Holdings has been exploring a sale since at least December.
MGM Studios' catalog includes TV shows alongside the James Bond, Rocky, and Pink Panther franchises.
Keep up with media and advertising news with our Insider Advertising newsletter.
Amazon is acquiring film studio MGM for $8.45 billion, it announced Wednesday.Amazon's acquisition of MGM Studios