Online marketplace Amazon announced plans Wednesday to buy movie production company Metro-Goldwyn-Mayer in a deal valued at $8.45 billion. The deal has some observers concerned that a few media companies are getting too big. Metro-Goldwyn-Mayer, known as MGM, started making movies in 1924, before films had sound. The movie production company created well-known movies that include Gone With the Wind and The Wizard of Oz. But it no longer owns the rights to those films. MGM also shares ownership of the James Bond action movies. The release of the latest film in the series, No Time to Die, has been delayed by the coronavirus health crisis. In addition to films, MGM also produces television shows including Shark Tank and The Real Housewives of Beverly Hills. The movie studio has been for sale for a number of years and sought legal protection from its creditors in 2010 after having financial problems. Observers say Amazon is trying to compete with other large media and entertainment companies like Netflix and Disney. Earlier this month, AT&T and Discovery, owner of the Discovery Channel, said they would seek to form a new company that includes CNN, the Food Network and HBO. Amazon already has its own movie studio. But it is looking for more movies and shows to offer its Amazon Prime subscribers through online streaming. Some successful Amazon television shows and movies include The Marvelous Mrs. Maisel, Fleabag and The Sound of Metal, which recently won Academy Awards. Amazon is also developing a television version of the Lord of the Rings movies and books. However, the U.S. and other governments are concerned some media companies are getting too big and pushing out competitors. A report from the U.S. House of Representatives last year suggested that Amazon and other large, influential companies should be broken up.
Title: Amazon Move to Buy MGM Is Latest Big Media Deal
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/A.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Amazon Move to Buy MGM Is Latest Big Media Deal' data-article-id='5665'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='15729'>Online marketplace Amazon announced plans Wednesday to buy movie production company Metro-Goldwyn-Mayer in a deal valued at $8.45 billion.</span> <span data-start-time='15729' data-end-time='24333'>The deal has some observers concerned that a few media companies are getting too big.</span> <span data-start-time='24333' data-end-time='36000'>Metro-Goldwyn-Mayer, known as MGM, started making movies in 1924, before films had sound. </span> <span data-start-time='36000' data-end-time='46646'>The movie production company created well-known movies that include Gone With the Wind and The Wizard of Oz. </span> <span data-start-time='46646' data-end-time='51396'>But it no longer owns the rights to those films.</span> <span data-start-time='51396' data-end-time='58167'>MGM also shares ownership of the James Bond action movies. </span> <span data-start-time='58167' data-end-time='68958'>The release of the latest film in the series, No Time to Die, has been delayed by the coronavirus health crisis.</span> <span data-start-time='68958' data-end-time='81146'>In addition to films, MGM also produces television shows including Shark Tank and The Real Housewives of Beverly Hills.</span> <span data-start-time='81146' data-end-time='95000'>The movie studio has been for sale for a number of years and sought legal protection from its creditors in 2010 after having financial problems.</span> <span data-start-time='95000' data-end-time='105708'>Observers say Amazon is trying to compete with other large media and entertainment companies like Netflix and Disney.</span> <span data-start-time='105708' data-end-time='123646'>Earlier this month, AT&T and Discovery, owner of the Discovery Channel, said they would seek to form a new company that includes CNN, the Food Network and HBO.</span> <span data-start-time='123646' data-end-time='127771'>Amazon already has its own movie studio. </span> <span data-start-time='127771' data-end-time='137104'>But it is looking for more movies and shows to offer its Amazon Prime subscribers through online streaming.</span> <span data-start-time='137104' data-end-time='150896'>Some successful Amazon television shows and movies include The Marvelous Mrs. Maisel, Fleabag and The Sound of Metal, which recently won Academy Awards.</span> <span data-start-time='150896' data-end-time='159417'>Amazon is also developing a television version of the Lord of the Rings movies and books.</span> <span data-start-time='159417' data-end-time='170458'>However, the U.S. and other governments are concerned some media companies are getting too big and pushing out competitors. </span> <span data-start-time='170458' data-end-time='183083'>A report from the U.S. House of Representatives last year suggested that Amazon and other large, influential companies should be broken up.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/5097/A.jpeg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=17497 data-hint-location='81146' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/what_is_one_definition_of_the_word_studio.wav'>What is one definition of the word studio?</div><div class='choices' data-correct-choice='A company that makes movies or television shows'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/a_company_that_makes_movies_or_television_shows.wav'><span>A company that makes movies or television shows</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/a_car_with_a_folding_or_detachable_roof.wav'><span>A car with a folding or detachable roof</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/a_sport_of_unarmed_combat.wav'><span>A sport of unarmed combat</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/a_fictitious_name_especially_one_used_by_an_author.wav'><span>A fictitious name, especially one used by an author</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=17498 data-hint-location='137104' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/which_of_the_following_is_not_one_of_the_mentioned_amazon_television_shows_in_the_article.wav'>Which of the following is not one of the mentioned Amazon television shows in the article?</div><div class='choices' data-correct-choice='Mare of Easttown'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/the_marvelous_mrs_maisel.wav'><span>The Marvelous Mrs. Maisel</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/mare_of_easttown.wav'><span>Mare of Easttown</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/fleabag.wav'><span>Fleabag</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/the_sound_of_metal.wav'><span>The Sound of Metal</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=17499 data-hint-location='170458' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/a_report_from_the_us_house_of__blank__last_year_suggested_that_amazon_and_other_large_influential_companies_should_be_broken_up.wav'>A report from the U.S. House of <span class='blank'>Representatives</span> last year suggested that Amazon and other large, influential companies should be broken up.</div><div class='choices' data-correct-choice='Representatives'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/representatives.wav'><span>Representatives</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/film.wav'><span>Film</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/arts_and_culture.wav'><span>Arts and Culture</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5097/business.wav'><span>Business</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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