Amazon to Acquire MGM Studios for $8.45 Billion

Amazon and MGM today announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve […]

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Parler.com CEO: “Social media site may never return.”

Matze said in an interview with Reuters on Wednesday that he does not know when or if it will return. “It could be never,” he said. “We don’t know yet.” Matze said that Parler was talking to more than one cloud computing service but refused to disclose names, citing the likelihood of harassment for the […]

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Apple preps to launch 5G iPhone into an unprepared U.S. Market

Apple is set to feature 5G as a significant new technology to this year’s batch of iPhones, but the U.S. network is still not ready for 5G for the masses. The country’s three largest wireless carriers, Verizon Communications Inc., AT&T Inc. and T-Mobile US Inc., have yet to roll out 5G in a way that […]

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Rumor: CBS All Access to be Rebranded as Paramount+

Web site TrekMovie.com is reporting that the new ViacomCBS heads is considering rebranding CBS All Access to Paramount+ sometime in 2021. A new Financial Times profile on ViacomCBS Chairperson Shari Redstone reports that the media conglomerate has put together a shortlist for the new name of the planned “super streamer.” And according to the report, […]

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