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Amazon purchase latest twist in MGM saga

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AFP

Los Angeles (AFP) – From “Gone With the Wind” to “Ben-Hur” to James Bond, the iconic MGM movie studio, symbolized by its roaring lion, has a storied history worthy of a Hollywood blockbuster. In the latest chapter in the up-and-down saga of the nearly century-old company, MGM is being bought by online shopping giant Amazon for $8.45 billion. Metro Goldwyn Mayer was created in 1924 with the merger of Metro Pictures Corp., Goldwyn Pictures and Louis B. Mayer Productions. Mayer and producer Irving Thalberg, known as “The Boy Wonder,” seized the reins of the studio and helped usher in what came to…

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