Amazon buys MGM for $8.4 billion — what it means for James Bond and you
Amazon buys MGM for $eight.iv billion — what information technology ways for James Bond and yous
Amazon just bought picture show and TV studio MGM for $8.45 billion, in a massive content catch that could come across Amazon Prime getting a large heave to its library. The headline grabber hither is James Bond, which gives Amazon a long-running film series of its ain, something to compete with Disney Plus (Star Wars, Marvel movies).
A flake of history first, MGM was created in 1924 from the merger of Metro Pictures, Goldwyn Pictures and Lous B. Mayer Pictures. It's famous for its roaring lion, portrayed in fact past viii dissimilar lions, the virtually recent called Leo. Even so the current roaring large cat is a computer generated model, based on Leo. Information technology's actually expert and you lot're supposed to have seen it in front of the new Bond flick, simply that's delayed so MGM has it on its YouTube channel.
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Back in the '80s financial trouble pushed MGM to sell its prestigious movie library to Ted Turner's Fourth dimension Warner. That means classics similar The Wizard of Oz and Singin' in the Rain no longer belong to MGM. However it does own Robocop and a bunch of other stuff it picked upwardly acquiring libraries from Orion Pictures which produced Dances with Wolves and The Silence of the Lambs.
And back to Bond for a second, MGM co-produces the Bond movies with the franchise owners Eon Productions (which complicates things enormously for this particular franchise).
MGM also bought PolyGram'due south library of movies, numbering around 1,300 and including Four Weddings and a Funeral and Candyman, which is getting a reboot later this year.
Why did Amazon buy MGM?
MGM owns the rights to over 4,000 movies and 17,000 hours of Goggle box. This could add together significant amounts of content to Amazon Prime number over the coming years. Some of that content may currently be licenced to other broadcasters and streamers, which creates bug moving the content to Amazon until those deals expire.
The Handmaid'due south Tale and Vikings are both MGM productions that already reside on Amazon's streaming platform (Handmaid's is on Hulu in the US) and there's almost certainly the potential to use the experience at MGM to create more original content for Prime Video. It also co-produces Fargo with FX.
MGM also owns the two product companies founded by Television producer Mark Burnett (the current head of MGM Television Grouping). That brings under Amazon's ownership shows similar Survivor and The Voice. It likewise owns America's Top Domestic dog.
Amazon'due south purchase makes more sense the more time you remember about the content it but got.
Intellectual holding
Here's a big advantage for Amazon. If MGM has titles that are ripe for being rebooted, revived or remade and so Amazon will accept a potentially huge collection of TV and movies that information technology can build new content from.
One of those potential new shows would exist Stargate, which has long been rumored to be returning to Television set for a new series. Amazon at present owns SG-1, Atlantis, Universe and those terrible internet shorts.
And while Stargate is non quite an untapped greenbacks cow, Amazon already offers MGM Boob tube equally an addition subscription through Prime number Video. This service offers access to MGM's Tv set library and Amazon may have data that suggests at that place'southward a lot of money to be fabricated from the back catalogue of shows.
Gateworld has stories that suggest Stargate veteran Amanda Tapping has already been approached to be involved in directing and starring in the show in some capacity. And Brad Wright, who created the Tv shows, has been talking for some fourth dimension about a new series. With The Expanse about to terminate its run at the end of the adjacent flavor Amazon might exist hungry for a new sci-fi show.
Maybe it volition move the MGM TV subscription into Prime, or possibly it will continue to offer those shows every bit an extra and enjoy the boosted revenue.
The James Bail problem
While MGM'south roaring lion is famously attached to James Bond films, the studio doesn't own the rights to the franchise. Instead, that holding is controlled past Eon Productions, which is a privately-endemic business which exists entirely to make coin from James Bond. Founded in 1962 past Albert R. Broccoli and Harry Saltzman it'due south now controlled past Broccoli's daughter, Barbara and Michael G. Wilson.
The rights for Bond are nearly ludicrously complicated. It has, in the recent by, involved Sony — hence the most unbelievable amount of Sony equipment in Daniel Craig's movies — and 20th Century Fox. MGM does have the dwelling entertainment distribution rights, nevertheless it'due south noted past Variety that Eon has an unusual amount of control over what happens to Bond. And so don't expect 20 spin-off Tv shows whatever fourth dimension soon.
Notwithstanding it does seem likely that Bond, which doesn't currently accept a streaming home, could end upwards existence available on Amazon as a result of this deal. That'south great news for fans looking to picket the Bond movies in lodge.
Outlook
Amazon is now in a better position to fight the streaming war confronting the likes of Netflix, Disney Plus and the rest. It makes you wonder, though, if Netflix volition counter. Will someone endeavour and buy Sony Pictures Entertainment outright? Some interesting food for thought for the coming months.
- Simply in: Marvel's Eternals trailer teases what comes after The Avengers
Source: https://www.tomsguide.com/news/amazon-buys-mgm-for-dollar84-billion-what-it-means-for-james-bond-and-you
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