Amazon Raises the Streaming Stakes with MGM Acquisition

The online retailer becomes a worthy home entertainment contender practically overnight

The famous Metro Goldwyn Mayer roaring lion logo and animation now belong to the most important retailer in the world. For better or worse. (Image: MGM)

So the rumors were true and Amazon does intend to upset the streaming market balance of power: the retail giant announced it acquired MGM Studios in a deal worth almost 8.5 billion…