★★★★★ 0/5

Amazon to buy MGM Studios

Amazon.com Inc. has confirmed plans to buy MGM for $10.9 billion and will create new content with existing IP.

5
Leave a comment

Amazon.com Inc has confirmed plans to buy MGM, a lucrative movies and television library for $US8.45 billion ($10.9 billion).

The deal aims to bolster Amazon’s television-focused studio with new and historic filmmaking from MGM.

MGM, or Metro Goldwyn Mayer, also owns the Epix cable channel and TV properties including Fargo, Vikings, Survivor, The Handmaid’s Tale, Get Shorty, Clarice, Perpetual Grace Ltd., Condor, Teen Wolf, The L Word and Will & Grace .

Amazon founder and outgoing CEO Jeff Bezos, said, “MGM has a vast, deep catalogue of much-beloved intellectual property.

“With the talented people at MGM and the talented people at Amazon Studios, we can reimagine and develop that IP for the 21st century.”

MGM’s library features over 4000 movies and 17,000 TV episodes. Amazon said it would use MGM’s vast library, which includes famous characters such as James Bond, Rocky, RoboCop and Pink Panther, to create new content.

Over the decades it sold much of its pre-1948 catalogue, including The Wizard Of Oz and Gone With The Wind, now owned by AT&T’s WarnerMedia, soon to be part of Discovery.

Key television titles however are already tied up with existing players, which will not mean an immediate shift for shows like Handmaid’s Tale, Vikings or Mr. Robot but could lead to later screenings.

Source: ABC,

5 Responses

  1. Shame I didn’t read this article before commenting on The Tomorrow War, maybe Amazon Prime Video is going to be more competitive in the SVOD market after all, even though $10.9 Billion would be small change in Amazon’s pocket.

    1. Have you been reading the Stargate You Tube rumours too?, any Stargate revival will need a makeover from the ground up if it goes ahead which at the moment does not look likely.

Leave a Reply