No, Mr. Bond, I expect you to subscribe: Amazon buys MGM for $8.5 billion

Jeff Bezos, meet James Bond.

Amazon said Wednesday that it has struck a deal to acquire the historic movie studio MGM for $8.5 billion, bolstering its efforts to become a top player in Hollywood.

The deal will give the e-commerce and cloud computing giant a famed studio and catalog of film and television titles to beef up its Amazon Prime streaming service, from the James Bond and "Rocky" franchises to TV series such as “The Handmaid’s Tale” and “Fargo.”