Streaming

Amazon closes $8.45B MGM acquisition

Amazon has closed its $8.45 billion acquisition of Metro-Goldwyn-Mayer Studios as it looks to boost its streaming service offerings to compete with entertainment rivals Netflix and Disney.

Netflix to test short-form video feature 'Kids Clips'

As Netflix continues to look for new ways diversify itself amid growing competition, the streaming behemoth is setting its sights on a space that has been dominated by TikTok and Instagram Reels: short-form videos.