No, Netflix has never owned MGM (Metro-Goldwyn-Mayer). While there were rumors and industry speculation during MGM's financial struggles in 2020, the historic studio was actually acquired by Amazon. In May 2021, Amazon announced an agreement to buy MGM for $8.45 billion, a deal that was officially closed in March 2022 after clearing regulatory hurdles. This acquisition brought iconic franchises like James Bond, Rocky, and The Pink Panther into the Amazon portfolio, leading to the creation of Amazon MGM Studios in October 2023. Netflix, while a major competitor, focuses primarily on producing its own "Netflix Originals" rather than acquiring legacy Hollywood "Big Five" studios. Today, MGM's massive library of over 4,000 films and 17,000 TV shows is a cornerstone of the Amazon Prime Video streaming service, serving as a key weapon in the "streaming wars" against rivals like Netflix, Disney+, and Apple TV+.