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.


ViacomCBS renames itself Paramount

ViacomCBS Inc. said it is renaming itself Paramount Global and will refer to itself as Paramount, underscoring the company’s emphasis on its Paramount+ streaming service and evoking the heritage of its roughly century-old film studio.