News Bits & Rumors
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Amazon Negotiating To Acquire...
by ctaulbee » May Wed 19, 2021 2:27 pm
Amazon is reportedly in negotiations to buy MGM, which maintains a vast film library including James Bond and the Rocky movies, for $9 billion.
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Re: Amazon Negotiating To Acquire...
by topmeasure » May Wed 19, 2021 3:44 pm
I read an article a few months ago about the negotiations and than it all went quiet, maybe this time it'll become a reality.
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Re: Amazon Negotiating To Acquire...
by chouette » May Wed 19, 2021 6:33 pm
I guess Amazon has that kind of pocket change to do this, lol
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Re: Amazon Negotiating To Acquire...
by Wrench » May Wed 19, 2021 11:13 pm
chouette wrote:I guess Amazon has that kind of pocket change to do this, lol
That's chump change for Amazon chewie
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Re: Amazon Negotiating To Acquire...
by VincentLupo » May Thu 20, 2021 9:38 pm
That seems pretty cheap.
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Re: Amazon Negotiating To Acquire...
by topmeasure » May Wed 26, 2021 10:45 am
According to CNN
Amazon (AMZN) is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most iconic movie studios in Hollywood.
The deal, which is valued at $8.45 billion, gives Amazon an extensive library of film and TV shows that it can use to fill out its Prime Video content coffers. MGM has a catalog with more than 4,000 films and 17,000 TV shows, according to Mike Hopkins, who heads Prime Video and Amazon Studios.
Although MGM's logo of a roaring lion has played in front of some of Hollywood's most beloved films, including "The Wizard of Oz," it doesn't have the deep franchise bench that other studios have.
So why would Amazon want MGM? Three words: Bond, James Bond.
The studio owns a piece of the spy franchise, one of Hollywood's most famous film series. The Bond brand, which Eon Productions also controls, is more than a box office success story racking up billions of dollars over the past 60 years. The films and their lead character also represent a lifestyle that branches out to all parts of the globe and pop culture. If Prime Video is the new home of James Bond, that's an alluring proposition for potential consumers.
Plus, "No Time to Die," the latest Bond film, is set to open this October after being delayed multiple times because of the Covid-19 pandemic.
Amazon (AMZN) is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most iconic movie studios in Hollywood.
The deal, which is valued at $8.45 billion, gives Amazon an extensive library of film and TV shows that it can use to fill out its Prime Video content coffers. MGM has a catalog with more than 4,000 films and 17,000 TV shows, according to Mike Hopkins, who heads Prime Video and Amazon Studios.
Although MGM's logo of a roaring lion has played in front of some of Hollywood's most beloved films, including "The Wizard of Oz," it doesn't have the deep franchise bench that other studios have.
So why would Amazon want MGM? Three words: Bond, James Bond.
The studio owns a piece of the spy franchise, one of Hollywood's most famous film series. The Bond brand, which Eon Productions also controls, is more than a box office success story racking up billions of dollars over the past 60 years. The films and their lead character also represent a lifestyle that branches out to all parts of the globe and pop culture. If Prime Video is the new home of James Bond, that's an alluring proposition for potential consumers.
Plus, "No Time to Die," the latest Bond film, is set to open this October after being delayed multiple times because of the Covid-19 pandemic.
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Re: Amazon Negotiating To Acquire...
by ctaulbee » May Wed 26, 2021 8:31 pm
At least it didn't go to the mouse house with the rest...
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