Amazon has just announced the acquisition of Metro-Goldwyn-Mayer (MGM) for the sum of 8.45 billion dollars. The redemption had been anticipated for several months already, but it is now very official. The company has some of the biggest hits in film and television within its licenses and franchises.
There is movement at Amazon. After the announcement of the withdrawal of Jeff Bezos as chairman and CEO, Amazon has just announced the acquisition of the Metro-Goldwyn-Mayer (MGM), one of the largest and oldest production companies. The redemption had been anticipated for several months. ” The true financial value of this deal is the treasure trove of intellectual property in the full catalog, which we plan to reinvent and develop with the talented team at MGM. Said Mike Hopkins, vice president of Prime Video.
Amazon buys the lion from Metro-Goldwyn-Mayer
If you hear or read the acronym MGM, it might not mean anything to you. On the other hand, the words Metro-Goldwyn-Mayer should give you a much better idea of the subject. Always not ? So think of the lion that you sometimes see at the beginning of certain films such as James Bond, Rocky, Vikings, Stargate, The Handmaid’s Tale, The Hobbits or The pink Panther, which are among the most emblematic of the American production company.
The company, which has specialized in the production and distribution of film and television works for 97 years, has just been acquired by Amazon for the modest sum of $ 8.45 billion. Amazon, through the voice of Mike Hopkins, indicated that it nevertheless wishes “ preserve legacy and film library Of MGM. However, it will probably be necessary to expect a privileged release on Amazon Prime Video of certain large productions, like – perhaps – To die can wait, the next James Bond.
This is one of the biggest acquisitions of the decade and represents an incredible opportunity for Amazon. With MGM having nearly 4,000 films and more than 17,000 series, the Prime Video library will no doubt find something to grow as the war against Disney + and Netflix has only just begun.