Amazon has confirmed the acquisition of MGM, the parent company of the James Bond series, for an estimated value of 8.450 billion dollars. The studio, which has a long and rich history in the movie world, also owns franchises, including the Rocky movies. It is due to tension, and an agreement has been rumored for some time. In all, THR reports that MGM has a library of more than 4,000 movies and 17,000 hours of television, so the acquisition should provide a massive boost to Amazon Prime's library of content. MGM shares the rights to James Bond with Eon Productions, and Variety notes that this means it's unlikely Amazon could do something as daring as release the next Bond movie on its streaming service instead of "a theatrical release." Still, in terms of post-catalog content and properties, that's a big deal for Amazon. “The real financial value of this deal is the treasure trove of in the entire catalog that we plan to reinvent and develop with the talented team at MGM,” says Amazon's Mike Hopkins. The movies Amazon mentioned in the announcement would include Rocky, Poltergeist, Silence of the Lambs, Robocop, and The Magnificent Seven, which gives you an idea of the kind of content you're likely to see getting a permanent home on the streamer. MGM also makes shows like Fargo, The Handmaid's Tale, and Vikings. James Bond is also a key part : Variety notes that Amazon is "anticipating" the possibility of using properties like Bond, Pink Panther and Rocky for new originals.