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Amazon acquires MGM for 8.5B

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Amazon.com (NASDAQ:AMZN) is in discussions to acquire MGM Holdings (OTC:MGMB), in what would be its biggest entertainment move yet, The Information reports.



MGM serves as a mini-major film studio today, best known for its James Bond film franchise.


But it has a major film library that also includes Rocky and The Pink Panther.


It also owns the Epix channel, and produces television shows including The Handmaid's Tale (a Hulu hit) and Fargo, as well as reality shows Shark Tank and Survivor.


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35 minutes ago, AJG said:

Damn. So what does this include really? Pink Panther, Creed, Bond, Barbershop, and Legally Blonde isn’t that hot of a franchise list IMO.




Its 4,000 film titles include the James Bond, Hobbit, Rocky/Creed, RoboCop and Pink Panther franchises, as well as “The Silence of the Lambs,” “The Magnificent Seven” and “Four Weddings and a Funeral.” The MGM TV library includes approximately 17,000 episodes of programming, including “Stargate SG-1,” “Stargate Atlantis,” “Stargate Universe,” “Vikings,” “Fargo,” “The Handmaid’s Tale,” “Get Shorty,” “Condor,” “Fame,” “American Gladiators,” “Teen Wolf” and “In the Heat of the Night.” Unscripted shows in its portfolio include “The Voice,” “Survivor,” “Shark Tank,” “”The Real Housewives of Beverly Hills” and “The Hills.”


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Internet distort everything. More and more money got distributed into the hand of the fewer and fewer. Making everything as streaming make thing easy for sure but that can only give more to studio over various stakeholders including real estate and actual filmmakers. 

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BOND and this year's MGMs definitely staying theatrical if the sale goes through...but no guarantees about other upcoming 2022 films...




And Variety's take on all this:  


Edited by Macleod
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