Amazon is nearing a deal to acquire MGM Studios, the co-owner of the James Bond franchise and other film and TV series, for between $8.5 billion and $9 billion, according to people familiar with the matter.

The deal is expected to be announced as soon as Tuesday. The people asked not to be named because the talks are private.

It would mark Amazon’s biggest acquisition since it bought Whole Foods in 2017 for $13.7 billion.

The Wall Street Journal reported earlier Monday that the deal could be announced this week.

Amazon is interested in acquiring more TV and film content for its Prime Video service as it competes with Netflix, Disney and other streaming video services. MGM is a natural fit for any streaming service because of its plethora of content.

At about 200 million members globally, Prime members pay Amazon more than $20 billion yearly for the privilege to shop at Amazon. To keep them renewing the memberships, Amazon believes that buying MGM movies could help. If you look at it, it is a slam dunk: pay $9 billion a year, bring in $20 billion on club fees. And then when those 200 million people shop, another profit margin stays on top. Now you see why the company is on its way to hit $2 trillion on market cap.

Amazon has 147 million Prime members in the United States, according to estimates from Consumer Intelligence Research Partners. Amazon.com Inc. has 200 million members in its Prime membership program worldwide, CEO Jeff Bezos said in his annual letter to shareholders published April 15.

Simply, Amazon can run a Fortune 500 business within its existing  Fortune 10 company purely on Prime membership; getting MGM is part of the playbook.  The ecommerce remains the One Oasis which is making it possible for the house which Jeff built to orchestrate all the multiple plays at scale. It is always great when great founders develop playbooks to capture value within their ecosystems; Amazon is matchless on that extraction of value.