Amazon is buying MGM for $8.45 billion.


 Share

Recommended Posts

 

From the AP link...

Quote

 

NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch.

 

Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition after it bought grocer Whole Foods for nearly $14 billion in 2017.

 

The deal is the latest in the media industry that’s aimed at boosting streaming services to compete against Netflix and Disney+. AT&T and Discovery announced last week that they would combine media companies, creating a powerhouse that includes HGTV, CNN, Food Network and HBO.

 

//snip

If it weren't for the Handmaid's Tale and Creed, I would have forgotten MGM still existed.

Link to comment
Share on other sites

It wouldn't surprise me if there is now gonna be a James Bond reboot as a Prime Series.

Link to comment
Share on other sites

I was about to bring up that very thing. I'm  not sure if I should be worried about

an Amazon-run James Bond. We'll see.

Link to comment
Share on other sites

1 hour ago, Xenon said:

It wouldn't surprise me if there is now gonna be a James Bond reboot as a Prime Series.

 

14 minutes ago, McCordRm said:

I was about to bring up that very thing. I'm  not sure if I should be worried about

an Amazon-run James Bond. We'll see.

MGM doesn't own the James Bond franchise outright, they co-own it. "Michael G. Wilson and Barbara Broccoli own EON Productions Limited which is the UK based production company that makes the James Bond films." source: https://www.eon.co.uk/james-bond/

Link to comment
Share on other sites

21 minutes ago, Steven P. said:

 

MGM doesn't own the James Bond franchise outright, they co-own it. "Michael G. Wilson and Barbara Broccoli own EON Productions Limited which is the UK based production company that makes the James Bond films." source: https://www.eon.co.uk/james-bond/

They can now have a Neo-Bond. 

Ok, i'm out.

  • Thanks 1
  • Haha 2
Link to comment
Share on other sites

27 minutes ago, Steven P. said:

 

MGM doesn't own the James Bond franchise outright, they co-own it. "Michael G. Wilson and Barbara Broccoli own EON Productions Limited which is the UK based production company that makes the James Bond films." source: https://www.eon.co.uk/james-bond/

The more I think about it, the more I wish that ownership of it would change. It could use some new blood. 

Link to comment
Share on other sites

MGM was bought up some Sony led group back in 2004 if I'm not wrong.  For around $3-$4 billion (if you add in the debt as well), so this isn't the first time someone's grabbed it.  And MGM has a pretty big library that Amazon can now dip into.   These streaming wars are going to end up giving us, more or less, a handful of cable like companies at the end.  Only thing missing would be the lock-in via cable box.

 

We just had WarnerMedia (AT&T) and Discovery come together into one big package as well.    So far it looks like it's Netflix, Amazon, Disney+, Waner+Discovery,  as the big ones.   Then whatever Viacom and NBC are doing but those are smaller in scope.

Link to comment
Share on other sites

11 hours ago, Xenon said:

The more I think about it, the more I wish that ownership of it would change. It could use some new blood. 

It got new blood, creative wise, when they did Casino Royale.    We would've been talking about something new yet again if the pandemic didn't hit.  No Time To Die is the final film in this version of Bond.   After that, once you get a new actor on, you have your new blood.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.