The multi-billion purchase marks Amazon’s second-largest acquisition.

In an effort to make larger, bolder moves into the entertainment industry, not to mention supplement its Amazon Prime Video streaming service with additional content, Amazon announced today that they will be acquiring MGM Studios in its entirety for $8.45 billion. This will give Amazon the rights to over 4,000 movies and 17,000 television shows created by Metro-Goldwyn-Mayer since the 1920s. Of those numerous properties, MGM (and now Amazon) own the rights to several extremely prolific franchises, including James Bond, Robocop, Rocky, The Hobbit, The Handmaid’s Tale, and more.

“The real financial value behind this deal is the treasure trove of [intellectual property] in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” Mike Hopkins, senior VP of Prime Video and Amazon Studios, said in the announcement. “It’s very exciting and provides so many opportunities for high-quality storytelling.”

“I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision,” MGM Chairman Kevin Ulrich said in a statement. “The opportunity to align MGM’s storied history with Amazon is an inspiring combination.”

With its $8.45 billion price tag, MGM is now the second-largest acquisition Amazon has ever made, dwarfed only by its $13.7 billion acquisition of Whole Foods in 2017. An exact date for the deal to be closed by hasn’t yet been set, as the acquisition will need to be subjected to a battery of regulatory approvals, which may become more complicated as Amazon was recently targeted by an antitrust lawsuit. Even so, those involved are fairly certain the matter will be closed before the end of year.