Jeff Bezos’ Amazon Buys MGM Adding Over 20,000 New Titles on Prime Video

Amazon CEO Jeff Bezos is vehement about a company’s merger of Metro-Goldwyn-Mayer (MGM). The past integrate of weeks, rumors flush of a company’s pierce to acquire one of a many iconic studios in Hollywood, and today, May 26, 2021, a proclamation came about an agreement between a dual companies.

The value of a agreement is $8.45 billion will give Amazon an endless library of cinema and radio programs to offer a Prime Video subscribers. MGM’s catalog includes over 4,000 films and 17,000 TV shows, says a comparison clamp boss of Prime Video and Amazon Studios Mike Hopkins.

Hopkins, who assimilated a association final year, explains that a contentment of egghead skill is a genuine financial value behind a deal. He combined they intend to reimagine and rise that IP with MGM’s gifted team:

It’s unequivocally sparkling and provides so many opportunities for high-quality storytelling.

Bezos marveled during a “vast, low catalog of much-beloved egghead property” and vast opportunities for a gifted people from MGM and Amazon Studios to enhance on that IP bringing it into a 21 century. He told Amazon shareholders during their annual assembly that a association is unequivocally vehement about this acquisition.

Most people remember MGM’s resounding lion trademark and remember cinema like a 1939 film “The Wizard of Oz,” a  Metro-Goldwyn-Mayer production. It is one of a oldest studios in American, founded Apr 17, 1924, though it does not have a endless authorization library as other studios.

So, since would Amazon wish MGM, asks CNN contributor Frank Pallotta? “Three words: Bond, James Bond.”

MGM owns a apportionment of a rarely essential view authorization though a Bond code is tranquil by Eon Productions. Nonetheless, a view cinema have racked adult billions of dollars given a initial film “Dr. No” 58 years ago.

The franchise’s films and a lead impression consolidate a lifestyle that connects with audiences in all tools of a creation and cocktail culture. If Bond’s new home is Amazon, it would extend a company’s strech opposite many demographics attracting new streaming customers. Moreover, Bond is expected to greatfully a poignant apportionment of a existent 200 million paid subscribers.

“No Time to Die,” a latest Bond film is scheduled to open in Oct after being behind several times since of a coronavirus pandemic. MGM has other smaller franchises such as a “Rocky” trilogy, “Legally Blonde” tools one and two, and a “RoboCop” trilogy. The studio also owns Epix TV Network.

The understanding is theme to a prevalent “regulatory approvals and other prevalent shutting conditions.”

Written by Cathy Milne-Ware

Source:

CNN: Amazon buys MGM in a mega media deal; by Frank Pallotta

Featured and Top Image Courtesy of Roger Blake’s Flickr Page – Creative Commons License
Inset Image Courtesy of Dan Faber’s Flickr Page – Creative Commons License

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