Amazon Boosts Streaming Ambitions With Deal For MGM Studios

[Deleted member 41971]

"Amazon has agreed to buy the storied MGM studios for $8.45 billion, the companies said Wednesday, giving the US tech giant a vast content library to further its ambitions in streaming".

Certainly a bold statement from Amazon

Amazon Boosts Streaming Ambitions With Deal For MGM Studios

Amazon boosts streaming ambitions with deal for MGM studios

www.ibtimes.com

James Bond: MGM merger could change hands to Amazon 'very quickly'

JAMES BOND EXCLUSIVE: Legendary studio MGM has been purchased by streaming and commerce giant Amazon. Now, an expert in the field has revealed changes at the studio - and with 007 - could happen fairly "quickly" going forward after the merger has concluded.

www.express.co.uk

Amazon Agrees to Buy MGM Film Studio for $8.45 Billion

The takeover is Amazon’s biggest acquisition since it agreed to buy Whole Foods in 2017 for $13.7 billion.

www.bloombergquint.com

Amazon Buys MGM, Studio Behind James Bond, for $8.45 Billion

Amazon officially announced a deal to acquire MGM for $8.45 billion, bringing the ecommerce giant a wealth of movie and TV properties.

variety.com

 

[Martinr36]

could get interesting

 

[ubuysa]

My worry is that they'll focus on using the MGM back catalogue for Prime and not invest enough in new film projects. This is good for Amazon but is it good for MGM and film-making as an industry?

 

[TonyCarter]

My worry is they'll not offer the content to Prime members for free, and just add it to the rental part.

That's also my pet hate with things like AppleTV+, Hulu, Roku, etc. - where they show all the possible TV shows/films together with no clear indication of what is included in your subscription and what isn't - and only when you click into it do you find out they want another £4.99/£9.99 to watch it.