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Updated: Amazon buys MGM for $ 8.45 billion

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Amazon is in talks to buy MGM for $9 billion - The Verge

James Bond, The Handmaid’s Tale, Rocky, Stargate, Robocop, Legally Blonde, Vikings, a historic catalog of films dating back many decades, an array of production and distribution companies, and the content network Epix — these are the things that Amazon might own if it buys storied film giant MGM for billions of dollars in the very near future.

Amazon has reportedly offered $9 billion for the company, according to Variety, following a scoop from The Information earlier in the day that suggested a range of $7-10 billion for a potential deal, and Variety suggests that $9 billion was also the amount that MGM was reportedly hoping to get.

Between those factors, the fact that MGM has been up for sale since December 2020, and the jealousy that comes with the sudden impending existence of a new media giant earlier today as AT&T spins off WarnerMedia and combines it with Discovery, it wouldn’t be very surprising if Amazon and MGM made a deal. The Information was slightly less bullish in its report today, though, writing that “The status of Amazon’s discussions with MGM is unclear and it’s possible no deal will result.”

In December, The Guardian reported that MGM has a library of 4,000 films and 17,000 hours of TV. James Bond in particular is one of the most valuable film franchises ever made — a list that’s only growing smaller as the Disney umbrella and Marvel Cinematic Universe swallow as many rivals as it can.
 
D'Evils said:
Smart move... it's all about content now...

They have a few Franchises to play around with...

I could see a Bond TV Series about M16...

A Roocop TV Series...

A Clash of the Titians Reboot... Game of Thrones style...
Click to expand...
They don't have the writers to do it. Unless real a fanboy is involved in the production, most of these current Hollywood writers have no way to satisfy hardcore and casual fans at the same time.

And if you're asking the Disney raised millennials and generation z to do it then you truly don't understand how bad that can end.

Rehashes like Cobra Kai and new production like the mandalorian was done well because it was well written not because the content alone.
 
Thegooch said:
They don't have the writers to do it. Unless real a fanboy is involved in the production, most of these current Hollywood writers have no way to satisfy hardcore and casual fans at the same time.

And if you're asking the Disney raised millennials and generation z to do it then you truly don't understand how bad that can end.

Rehashes like Cobra Kai and new production like the mandalorian was done well because it was well written not because the content alone.
Click to expand...

What I seen from Amazon so far... they allow their content creators/fanboys to create.... They are not Warner Bros creating bullshit just because they own the IP....

They operate more like HBO (Which seems to have some Independence from WB)...
The majority of Amazon Original shows are actually good to great...

And Amazon is buying a Production Studio not just content.... With that comes Bond's long time producers... Eon Productions which have produced all Bond's flims since the 60's...

And Maybe some of those "Hollywood" execs at MGM are exactly what your describing....

And Amazon will allow some of the content to be seen with fresh fanboy eyes...

Maybe the Boys or Invincible writers can come up with a way to reboot Robcop...
 
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I can see the benefit of owning the content and a preexisting production unit is nice but The Mouse has two huge advantages. For one, they have their own distribution network, several in fact. And two, they have the means to move monies around through their foreign holdings, including theme parks. Yeah, Mickey ain't losing any sleep over this. And it's possible they didn't want the titles, maybe they don't see them fitting in the Disney model.

Hard to say what Jeff is up to. I'm always reminded of the acquisition of The Washington Post. He did very little - which was a good thing.
Let's see how this plays out.
 
knightmelodic said:
I can see the benefit of owning the content and a preexisting production unit is nice but The Mouse has two huge advantages. For one, they have their own distribution network, several in fact. And two, they have the means to move monies around through their foreign holdings, including theme parks. Yeah, Mickey ain't losing any sleep over this. And it's possible they didn't want the titles, maybe they don't see them fitting in the Disney model.

Hard to say what Jeff is up to. I'm always reminded of the acquisition of The Washington Post. He did very little - which was a good thing.
Let's see how this plays out.
Click to expand...
I don't think they're looking to compete with Disney, well atleast not for now.


"Buying MGM would let Amazon add plenty of movies to its Prime Video streaming service. It's not clear whether MGM's theatrical-release strategy would change. "Amazon will help preserve MGM's heritage and catalog of films and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling," the merger announcement said.

Amazon said the purchase "is subject to regulatory approvals and other customary closing conditions" but did not provide an estimated closing date. The acquisition announcement came about a week after news reports revealed the negotiations."


Amazon won’t have total control over Bond

"Amazon won't have creative control over the Bond franchise, The New York Times noted. "Amazon will own only 50 percent of the spy franchise," the Times wrote. "The balance is held by Barbara Broccoli and her brother, Michael G. Wilson. The siblings also have ironclad creative control, deciding when to make a new Bond film, who should play the title role, and whether television spinoffs get made. (They have blocked such efforts in the past.)"

As Variety wrote last week, "Insiders believe that Broccoli and Wilson would likely nix any plans to debut Bond films on Amazon's streaming service Prime Video and would insist on a theatrical release, as is their contractual right... The producers have also been resistant to have Bond pop up in spinoffs or television shows, the kinds of ancillary properties that could prove highly lucrative. Moreover, the films have been heavily licensed to cable networks and streaming platforms, which could complicate matters."
 
BKF said:
I don't think they're looking to compete with Disney, well atleast not for now.


"Buying MGM would let Amazon add plenty of movies to its Prime Video streaming service. It's not clear whether MGM's theatrical-release strategy would change. "Amazon will help preserve MGM's heritage and catalog of films and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling," the merger announcement said.

Amazon said the purchase "is subject to regulatory approvals and other customary closing conditions" but did not provide an estimated closing date. The acquisition announcement came about a week after news reports revealed the negotiations."


Amazon won’t have total control over Bond

"Amazon won't have creative control over the Bond franchise, The New York Times noted. "Amazon will own only 50 percent of the spy franchise," the Times wrote. "The balance is held by Barbara Broccoli and her brother, Michael G. Wilson. The siblings also have ironclad creative control, deciding when to make a new Bond film, who should play the title role, and whether television spinoffs get made. (They have blocked such efforts in the past.)"

As Variety wrote last week, "Insiders believe that Broccoli and Wilson would likely nix any plans to debut Bond films on Amazon's streaming service Prime Video and would insist on a theatrical release, as is their contractual right... The producers have also been resistant to have Bond pop up in spinoffs or television shows, the kinds of ancillary properties that could prove highly lucrative. Moreover, the films have been heavily licensed to cable networks and streaming platforms, which could complicate matters."
Click to expand...


Yeah, I knew the Brocollis had that fist around 007.

I'll also repeat my previous statement, Let's see how this plays out. Bezos has something in mind, I (we) just don't know what...yet.

Only one thing for sure, buy amazon stock.
 
Amazon plans to 'reimagine and develop' MGM titles after $8.45 billion buyout of the iconic studio

The James Bond franchise, Creed, and Silence of the Lambs are among the "treasure trove" of properties in the studio's catalog.
By Jethro Nededog
May 26, 2021 at 10:44 AM EDT

image


Amazon is buying the iconic movie studio Metro-Goldwyn-Mayer in an $8.45 billion deal. The once online bookseller-turned-streamer announced the purchase Wednesday.
"The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM's talented team," SVP of Prime Video and Amazon Studios, Mike Hopkins, said in a statement. "It's very exciting and provides so many opportunities for high-quality storytelling."
The James Bond franchise, "Creed," and "Silence of the Lambs" are among the MGM studio's catalog now owned by Amazon.

| CREDIT: FRANCOIS DUHAMEL/MGM; BARRY WETCHER/WARNER BROS.; EVERETT COLLECTION
The "treasure trove" of intellectual property Hopkins referred to includes some of the most iconic titles in Hollywood history, including the James Bond franchise, Creed, Silence of the Lambs, Poltergeist, The Pink Panther, and Robocop. Additionally, MGM's TV stable consists of 17,000 TV shows, including Fargo, The Handmaid's Tale, and Vikings.

What this purchase does is basically launches Jeff Bezos' Amazon Prime Video into greater competition with the likes of top streamers Netflix, Disney+, and Hulu in the fight for programming that will lure new subscribers.
The New York Times reports that Amazon won MGM by offering 40 percent more for the nearly 97-year-old studio than others in a bidding war that included Apple and Comcast.
Completion of the buyout is subject to regulatory approvals and other customary closing conditions. If approved, MGM will join Amazon's collection of entertainment holdings that include IMDb TV, Twitch, and Box Office Mojo, among others.
 
I am sure Disney tried to buy MGM.

Good strategy. If they make 10 new Bond movies and they know what they are doing that is the 8 Billion right there!
 
I think another smart move for Bezos/Amazon would be to snap up (or partner with) some of the smaller "genre" centered streaming services and consolidate them under one umbrella: Shudder, Funimation, Crunchy Roll, WeatherNation, Asian Crush, AcornTV, BritBox, etc. etc. etc. Sort of like how YouTubeTV does it, but with more of an international flare ... all without having to use a VPN to do it, and one "Amazon MAX" membership to rule them all.

They really spend some money to fix their laughably outdated UI too.
 

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