Amazon's MGM Acquisition Makes Perfect Sense

On Wednesday morning, Amazon (NASDAQ: AMZN) and MGM announced a definitive agreement under which the e-commerce and cloud computing specialist will acquire the movie studio, adding MGM's massive library of films and TV shows to Prime Video's already impressive slate of content.

The deal highlights what seems to be ever-increasing interest in streaming TV from tech giants, cable networks, and streaming pure-play services and platforms like Netflix (NASDAQ: NFLX) and Roku (NASDAQ: ROKU).

Here's a closer look at the deal and why it's likely a good move for the e-commerce giant.

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Source Fool.com